Affiliated Managers Group Inc. is an asset management company with equity investments in a diverse group of growing, boutique investment management firms. AMG owns 50-70% of each firm but allows each manager to retain operational autonomy. Each manager preserves its distinct culture and entrepreneurial focus and has access to economies of scale in distribution, operations and technology. The firm is based outside Boston in Prides Crossing, Mass.
The roll-up shop is known as a well-run owner of asset-management operations. It prides itself on fostering warm relationships with partners at its Affiliated firms and generally gives them plenty of leeway. The retention rate of portfolio managers and other personnel is high, thanks to the portion of equity left with the partners.
AMG offers more than 300 investment products in mutual fund, institutional and high net worth distribution channels. Among its more prominent and highly-rated funds are Tweedy, Browne Co.’s Global Value and American Value funds, Third Avenue Management’s family of value-oriented mutual funds, Friess Associates’ growth-oriented Brandywine funds, and The Managers Funds, a diverse group of sub-advised funds distributed by Managers Investment Group LLC. Managers Funds’ acquisitions include Smith Breeden Associates Inc., 40|86 Advisors Inc. (previously Conseco Capital Management Inc.), and Fremont Investment Advisors Inc. Through Managers, AMG offers a platform to distribute participating Affiliates’ mutual fund products to retail and institutional clients directly and through intermediaries, including independent investment advisers, 401(k) plan sponsors and alliances, broker-dealers, major fund marketplaces, banks, and other sponsored platforms.