Affiliated Managers Group reports financial and operating developments tied to its role as a strategic partner to independent investment management firms globally. Company updates commonly cover assets under management, net client cash flows, affiliate investment activity, and performance across private markets, liquid alternatives, and differentiated long-only strategies.
AMG news also includes capital allocation actions such as common stock repurchases, dividends, debt financing, and securities redemptions. Recurring corporate items include new or expanded partnerships with affiliate managers, board composition changes, investor conference participation, and quarterly earnings releases.
Affiliated Managers Group (AMG) has acquired a minority equity interest in OCP Asia Limited, enhancing its footprint in private credit markets. OCP Asia, managing approximately $3 billion, specializes in secured lending solutions across the Asia-Pacific region. The firm is recognized for its ability to deliver exceptional risk-adjusted returns and operates independently despite AMG's investment. This partnership marks AMG's second affiliation in the region, aimed at capitalizing on significant market opportunities.
Affiliated Managers Group (NYSE: AMG) will release its Q1 financial results on May 3, 2021, at 8:30 a.m. Eastern Time. The results will cover the period ending March 31, 2021. Senior executives, including Jay C. Horgen and Thomas M. Wojcik, will discuss the outcomes and provide insights into future expectations during a conference call. Interested parties are invited to join via phone or access the replay and presentation on AMG’s website.
AMG Funds is enhancing its U.S. wealth platform to align with its Affiliates, enabling access to high-quality funds managed solely by those Affiliates. This transition will offer new strategies, including Boston Common’s Global Impact Fund and Veritas' Asia Pacific Fund, previously unavailable in the U.S. market. AMG is set to manage approximately $5 billion in assets previously overseen by third parties. Shareholders will benefit from improved pricing and a streamlined selection of funds focused on high-conviction investments, ensuring alignment with evolving client demands.
Affiliated Managers Group (AMG) reported strong financial results for Q4 2020, with an EPS of $2.54 and Economic EPS of $4.22. Full-year Economic EPS reached $13.36. Q4 net income was $116 million, boosted by a 27% year-over-year increase in adjusted EBITDA to $255 million. AMG's strategic investments in Boston Common Asset Management and Jackson Square Partners signify its commitment to sustainable and growth-oriented investing. The company repurchased $226 million in shares during Q4 and continues to have a robust capital position for future growth.
Affiliated Managers Group (AMG) has announced its acquisition of a minority equity interest in Boston Common Asset Management, a leader in ESG impact investing, with $3.9 billion in assets under management as of December 31, 2020. This partnership aims to enhance Boston Common's growth and client diversity while preserving its operational independence. CEO Jay Horgen emphasized the importance of ESG investing as a fast-growing segment in the industry. The financial terms of the transaction were not disclosed.
Affiliated Managers Group (AMG) will announce its Q4 and full year financial results for the period ending December 31, 2020 on February 8, 2021. The results will be discussed in a conference call hosted by CEO Jay C. Horgen and CFO Thomas M. Wojcik at 8:30 a.m. ET. Interested listeners can join by dialing U.S. number 1-877-407-8291 or non-U.S. number 1-201-689-8345. A replay of the call will be available shortly after, and further details can be accessed via AMG's official website.
Affiliated Managers Group (NYSE: AMG) has appointed Félix V. Matos Rodríguez to its Board of Directors, effective immediately. Dr. Matos Rodríguez is the Chancellor of the City University of New York, overseeing the largest urban university in the U.S. with a student body of 275,000. Known for his leadership in academia, he has held significant roles in education and public service. The company’s President, Jay C. Horgen, emphasized Dr. Matos Rodríguez's expertise in managing large organizations and his commitment to inclusion and excellence as valuable assets to AMG's board.
Affiliated Managers Group (NYSE: AMG) has acquired the minority equity interest in Jackson Square Partners, previously held by Macquarie Investment Management. Jackson Square, an independent investment manager, specializes in growth-oriented equity strategies with around $24 billion in assets under administration. This partnership is expected to enhance Jackson Square's growth prospects while preserving its independence and entrepreneurial culture. The terms of the transaction were not disclosed, but both companies believe that the partnership is ideal for fostering long-term success.
Affiliated Managers Group (AMG) reported Q3 2020 financial results, stating an EPS of $1.53 and Economic EPS of $3.27. Net income was $71 million, while Economic Net Income reached $152 million. Adjusted EBITDA grew 12% to $181 million. The company repurchased $85 million in common stock and issued a $275 million 40-year hybrid bond, enhancing liquidity. Although AUM declined to $653.5 billion, AMG aims to invest for growth, leveraging its unique model to scale business and deliver long-term shareholder value.
Affiliated Managers Group (NYSE: AMG) will release its third-quarter financial results on October 26, 2020. The company will host a conference call at 8:30 a.m. ET to discuss these results and future expectations. President Jay C. Horgen and CFO Thomas M. Wojcik will lead the call. Interested parties can listen live by calling 1-877-407-8291 (U.S.) or 1-201-689-8345 (international). The call will be available for replay with conference ID 13710888. Details and the presentation will also be accessible on AMG's website.