Market Overview

AMG Announces Strategic Initiatives Related to US Retail Distribution Business

Affiliated Managers Group (NYSE: AMG) today announced a number of strategic initiatives as part of
its increased focus on the U.S. retail market, including rebranding
Managers Investment Group LLC, its domestic retail distribution
business, as AMG Funds, and aligning Aston Asset Management within the
AMG Funds business. Through this process, 39 mutual funds available
through Managers Investment Group will be rebranded as AMG Funds in the
second quarter of 2014, a step which will more closely associate the
identity of these funds with AMG. In addition, AMG will exercise its
option included in the original agreement with Aston to acquire the
balance of the equity of Aston that it does not already own.

See full press release

Posted-In: News Guidance Global

 

Related Articles (AMG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters