Affiliated Managers Group continues to search for acquisition targets on which it will put more than $1 billion of capital to use.

AMG's deal spending this year was "less than we imagined throughout the year," CFO Darrell Crate was quoted by Reuters as saying at the Goldman Sachs Financial Services Conference on Tuesday.

"We have more than $1 billion of capital to put to work, and we think there are some strong opportunities to do that," Crate said.  

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