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 |
|
Tuesday, April 29, 2014 Healey Feasts Again The man must be ravenous. Sean Healey, chairman, president and chief executive of AMG, has bought into yet another firm, this time the London and Hong Kong-based British asset manager Veritas Asset Management. Veritas was founded in 2003, and invests in long-only and long-short strategies in global and Asian equities. The firm manages the equivalent of $17 billion. The 32 staffer firm is run by four partners: Charles Richardson (Chairman and Fund Manager), Andy Headley (Fund Manager and Head of Global), who together lead the global equity business, Ezra Sun (Fund Manager and Head of Asia), and Richard Grant (Chief Operating Officer). In a statement, Healey declared that "We are very pleased to partner with Veritas Asset Management, one of the industry's most highly regarded global equity managers. We have tremendous respect for the experience and talent of the management team at Veritas, and believe the firm is well-positioned for additional growth and continued success. We look forward to working with our new partners on a variety of initiatives to enhance the firm's forward growth and development." The asset management industry has been a veritable buffet for AMG recently. In March, AMG bought out the remaining of River Road (it had already owned a majority stake in the company) and invested in a majority interest in EIG Global Energy Partners. In December, AMG bought into SouthernSun Asset Management. Printed from: MFWire.com/story.asp?s=48229 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |