AMG Opens its Wallet Again
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Monday, February 1, 2010

AMG Opens its Wallet Again

A month and a half after sealing a deal to buy Aston Asset Management's parent, Affiliated Managers Group has made another acquisition. Boston-based AMG, whose empire includes Third Avenue Management, Tweedy Browne and AQR, on Monday said it inked a deal to buy UK-based Artemis from Fortis Bank. The deal, terms of which were not made public, is expected to close at the start of the second quarter.

This marks AMG's second deal in the UK. In 2004, AMG made an investment in Genesis Investment Management.

In the fourth quarter of 2009, AMG posted net income of $24.6 million.

Printed from:

Copyright 2010, InvestmentWires, Inc.
All Rights Reserved
Back to Top