Affiliated Managers Group

Affiliated Managers Group, Inc.
Company typePublic
IndustryFinancial services
Headquarters
West Palm Beach, Florida
,
U.S.
Area served
Worldwide
Key people
Dwight D. Churchill (chairman)
Jay C. Horgen (CEO)
Thomas Wojcik (CFO)
ProductsFinancial investments
RevenueIncrease US$2.33 billion (2022)[1]
Increase US$771 million (2022)[1]
DecreaseUS$1.15 billion (2022)[1]
AUMDecrease US$651 billion (2022 Q4)[2]
Total assetsIncreaseUS$8.881 billion (2022)[1]
Total equityUS$4.176 billion (2022)[1]
Number of employees
250 (2022)[1]
Websiteamg.com

Affiliated Managers Group, Inc. (AMG) is an American financial services firm founded in 1993 and headquartered in West Palm Beach, Florida. The company's stock trades on the New York Stock Exchange under the symbol AMG, and is listed on the S&P 400 for mid-size American firms.

AMG operates as a strategic partner to independent investment management firms globally, with equity stakes in a number of partner-owned traditional investment managers, hedge funds, and specialized private equity firms which it calls “Affiliates.”[3] The company has principal offices in West Palm Beach, Florida; Prides Crossing, Massachusetts; Stamford, Connecticut; and London, United Kingdom.[3] The company was founded in December 1993 by William J. Nutt in Boston, Massachusetts, as a privately owned company with initial backing from TA Associates;[4] Its initial public offering on the New York Stock Exchange occurred in November 1997.[5]  Today, AMG's Affiliates manage $651 billion[6] in assets in aggregate.

AMG's strategy is to generate value by investing in an array of independent firms and supporting their long-term growth, through an approach in which significant equity ownership is retained by the management partners of each Affiliate, and each Affiliate operates and invests autonomously from AMG and from other Affiliates.[7][8]  The Affiliate principals’ ‘skin in the game’[9] incentivizes them to maximize long-term value creation, and their retained investment independence preserves the entrepreneurial cultures of each Affiliate firm.[10]  AMG's approach aligns incentives between AMG shareholders, Affiliate principals, and Affiliate clients, and is unique in the investment industry.[11][12][13]  AMG also offers its Affiliates growth capital, distribution and marketing capabilities, and other strategic support, and its intention is to "magnify" its Affiliates’ growth opportunities without interfering in their operations.[14]

  1. ^ a b c d e f "Affiliated Managers Group Key Financial Metrics". AMG. Retrieved October 18, 2019.
  2. ^ [1], AMG.
  3. ^ a b "Inline XBRL Viewer". www.sec.gov. Retrieved February 10, 2023.
  4. ^ "AMG CEO Healey gets chairman's seat". www.bizjournals.com. Retrieved February 10, 2023.
  5. ^ Kahn, Virginia Munger (November 16, 1997). "AT THE GATE; A Ticket to the Fast Lanes Of Money Management". The New York Times. ISSN 0362-4331. Retrieved February 10, 2023.
  6. ^ "Affiliated Managers (AMG) Q4 Earnings Beat on Lower Expenses". finance.yahoo.com. Retrieved February 10, 2023.
  7. ^ Foster, Mike. "AMG's Sean Healey defends his corner". www.fnlondon.com. Retrieved February 10, 2023.
  8. ^ "Fund houses buy up 'alts' specialists to move beyond equities and bonds". Financial Times. March 25, 2022. Retrieved February 10, 2023.
  9. ^ Effinger, Anthony; Bhaktavatsalam, Sree Vidya (July 21, 2012). "AMG's Sean Healey key to success: Let the fund managers manage". Washington Post. ISSN 0190-8286. Retrieved February 10, 2023.
  10. ^ Ward, Sandra. "Betting Big on Boutiques". www.wsj.com. Retrieved February 10, 2023.
  11. ^ "Sean Healey: a boutique buyer with distinctive qualities". www.ft.com. Retrieved February 10, 2023.
  12. ^ "The Managers That Do Well During Volatile Times". Institutional Investor. Retrieved February 10, 2023.
  13. ^ "AMG: We Can Handle the Election, Industry M&A". Ignites. October 27, 2020. Retrieved February 10, 2023.
  14. ^ "Affiliated Managers Group, Inc. (AMG) CEO Jay Horgen on Q2 2022 Results - Earnings Call Transcript | Seeking Alpha". seekingalpha.com. August 1, 2022. Retrieved February 10, 2023.