AMG to Acquire Equity Interest in Abax Investments

Affiliated Managers Group, Inc. AMG has entered into a definitive agreement to acquire an equity interest in Abax Investments (Pty) Ltd ("Abax"). After the closing of the transaction, the senior partners of Abax will continue to hold a majority of the equity of the business and direct the firm's day-to-day operations. With approximately US$5.4 billion (ZAR74 billion) in assets under management as of September 30, 2015, Abax is a leading investment manager specializing in South African equity, fixed income, and strategic and tactical asset allocation strategies, as well as a separate global equity strategy. Abax employs a disciplined, fundamental research approach to investing in companies with strong potential See full press release