Affiliated Managers Group (AMG) Tops Q3 EPS by 6c
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AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2015
November 9, 2015 7:23 AM ESTCompany Reports Economic EPS of $2.93; EPS of $1.98
BOSTON--(BUSINESS WIRE)-- Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the third quarter and nine months ended September 30, 2015.
For the third quarter of 2015, Economic earnings per share (Economic EPS) were $2.93, compared to $2.76 for the same period of 2014, and diluted earnings per share for the third quarter of 2015 were $1.98, compared to $1.82 for the same period of 2014. For the third quarter of 2015, Economic net income was $160.8 million, compared to $156.8 million for the same period of 2014. For the third quarter... More
AMG Announces Investment in Systematica Investments
November 8, 2015 1:19 PM ESTBOSTON--(BUSINESS WIRE)-- Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, has reached a definitive agreement with BlueCrest Capital Management LP (BlueCrest), to acquire the majority of BlueCrests equity interest in Systematica Investments LP (Systematica). After the closing of the transaction, Systematicas senior management will continue to hold a majority of the equity of the business and direct its day-to-day operations.
Systematica, led by Leda Braga, is an innovative technology-driven firm focused on the rigorous application of science and technology to the investment process and is recognized as one of the... More
AMG Announces Investment in Abax Investments
November 8, 2015 1:17 PM ESTBOSTON--(BUSINESS WIRE)-- Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, has entered into a definitive agreement to acquire an equity interest in Abax Investments (Pty) Ltd (Abax). After the closing of the transaction, the senior partners of Abax will continue to hold a majority of the equity of the business and direct the firms day-to-day operations.
With approximately US$5.4 billion (ZAR74 billion) in assets under management as of September 30, 2015, Abax is a leading investment manager specializing in South African equity, fixed income, and strategic and tactical asset allocation... More
AMG Announces Investment in Ivory Investment Management
November 8, 2015 1:15 PM ESTBOSTON--(BUSINESS WIRE)-- Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, has entered into a definitive agreement to acquire an equity interest in Ivory Investment Management, L.P. (Ivory). After the closing of the transaction, Ivorys senior partners will continue to hold a majority of the equity of the business and direct its day-to-day operations.
Founded in 1998, Ivory is a leading investment firm with a 17-year history of alpha generation through a research-intensive, fundamental value-based approach. As of September 30, 2015, Ivory managed approximately $3.6 billion in assets across long/short equity and... More
