Affiliated Managers Group's mutual fund assets fell slightly in 2011. In its fourth quarter earnings report released yesterday, the Boston-based acquirer of asset managers revealed that its mutual fund AUM dipped $21 million last year, to $85.222 billion on December 31, 2011, even as its total AUM climbed by $7.416 billion [earnings call transcript].

The Boston Business Journal, Localized USA, MarketWatch and Reuters all covered AMG's earnings.

AMG's quarterly earnings per economic share fell 12.87 percent to $1.76 for Q4 2011. Yet AMG analysts' estimates by $0.03 per share.

AMG's boutique asset managers, dubbed "affiliates", include: Greenwich, Connecticut-based AQR; New York City-based BlueMountain; Chicago-based Chicago Equity Partners; Boston-based Essex; Pasadena, California-based First Quadrant;Greenville, Delaware-based Friess; Boston-based Frontier; Boston-based Gannett Welsh & Kotler; Somerville, New Jersey-based Harding Loevner; New York City-based J.M. Hartwell; Norwalk, Connecticut-based Managers Investment Group; Covington, Kentucky-based Renaissance; Teaneck, New Jersey-based Systemic; New York City-based Third Avenue; New York City-based TimesSquare Capital Management; New York City-based Trilogy; New York City-based Tweedy, Browne; San Francisco-based ValueAct; Boston-based Welch & Forbes; and firms in Edinburgh, London, Montreal, Toronto and Vancouver. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE