Affiliated Managers Group Repurchased About $375 Million of Stock in 6 Months
This high-performing asset manager has flown under the radar.
Overview
Among asset management firms, Affiliated Managers Group (NYSE: AMG) is not one that immediately jumps to mind for most investors. Yet this manager of managers, which owns stakes in several different boutique investment management firms, has had the type of performance that should get it noticed by more investors.
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AMG owns majority stakes in about 40 boutique investment managers, which have total assets under management of about $942 billion. It shares revenue with the firms but is hands-off as far as operations go, so the shops have full independence and autonomy over their own businesses.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.