Affiliated Managers Group


Affiliated Managers Group, Inc. is an American international investment management company headquartered in West Palm Beach, Florida, that owns stakes in a number of boutique asset management, hedge fund, and specialized private equity firms.

History

Affiliated Managers Group is a global asset management firm with equity investments in leading boutique investment management firms. Founded in December 1993 by William J. Nutt as a privately owned company, its initial public offering on the New York Stock Exchange occurred in November 1997. Since 1997, AMG has grown to approximately $730 billion in assets under management with stakes in more than 35 money management firms including some of the best-known alternative investment financial management shops.
When purchasing companies, AMG seldom buys 100% of a business. They typically allow the employees of the purchased company to retain a quarter to a half of the company, in an attempt to provide them with an incentive to maximize profit. On rare occasions, they will only purchase a minority share in a company. AMG purchased a 5 percent share in Value Partners Group Ltd. in 2009. The company, a Chinese asset manager, was AMG's first investment in China.
A substantial majority of Aston Asset Management, LP, was acquired by AMG on April 15, 2010.
In the 1990s, AMG focused on purchasing midsize money management companies. In a shift of strategy in 1997, they purchased the large mutual fund company Tweedy, Browne for $300 million. In 2010, AMG purchased Pantheon Ventures. Pantheon, a British private equity company, was AMG's largest acquisition since 1993. The company sold for $775 million. That year, AMG also purchased Artemis Investment Management LLP for $400 million.

Key personnel

Sean M. Healey

was the chairman and chief executive officer from 2005 through 2018 and was previously president and chief operating officer. Healey joined AMG in 1995 as an executive vice president, he helped expand it with acquisitions and oversaw an initial public offering in 1997. Prior to joining AMG Healey was a vice president in the Mergers and Acquisitions Department at Goldman, Sachs & Co. and is a graduate of Harvard Law School and Harvard University. Healey, the ex-husband of former Massachusetts Lieutenant Governor Kerry Healey, was an advisory board member for the Harvard Law School Center on Lawyers and the Legal Profession, and served as co-chair of the Peabody Essex Museum with AMG board member Samuel T. Byrne.

Nathaniel Dalton

Nathaniel Dalton is a senior advisor to the company AMG. He joined AMG as its first general counsel, and has subsequently held a series of leadership positions within the company, including responsibility for leading AMG's relationships with its Affiliates for nearly 20 years as well as building AMG's global distribution platforms. In 2006, Mr Dalton was named chief operating officer and he became president in 2011. Mr. Dalton served as chief executive officer from 2018 to 2019 and joined AMG's board of directors in 2018.
Prior to joining AMG, Dalton was an attorney with the Goodwin Procter law firm, where he represented AMG at its formation. Dalton received a J.D. from Boston University School of Law and a B.A. from the University of Pennsylvania. Dalton is the president and founder of the Guard Support of Massachusetts, a non-profit service organization supporting the families of National Guard troops.

Jay Horgen

Jay Horgen is the president and chief executive officer of the company. He joined AMG in 2007 as executive vice president in charge of the company's New Investments effort, and became chief financial officer in 2011 and president in 2019.

Tom Wojcik

Tom Wojcik is the chief financial offer of the company. He joined the AMG in 2019 from Blackrock, where he most recently served as Chief Financial Officer for Europe, Middle East, and Africa, Head of EMEA Strategy, and Global Head of Investor Relations, subsequent to his role as Global Head of Corporate Development and Head of Americas Strategy.

Board Members

As of 2017 Affiliated Managers Group shares are mainly held by institutional holdings. The Vanguard Group, BlackRock, State Street Corporation and others.