MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 31, 2012 AMG Had Good Q3 for Both Flows and Deal Rumors Based on its third-quarter results' Affiliated Managers Group (AMG) is likely to remain the darling of the analysts for at least a little longer. Sean Healey's shop pulled in nearly $11 billion in net flows in the third quarter, bringing its total year-to-date to around $25 billion and its total AUM to $416 billion. The firm's EBITDA for the quarter was $133.5 million, compared to $112.9 million for the same period a year before. In the press release accompanying the earnings report, CEO Heale cited the firm' acquisitions of Yacktman and Veritable and its "significant incremental investment" in BlueMountain as the keys to its growth strategy. AMG is also one of three Robeco bidders. Printed from: MFWire.com/story.asp?s=41854 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |