AMG Completes Investment in River Road Asset Management
BOSTON -- June 30, 2014
Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management
company, today announced the completion of the acquisition of River Road Asset
Management from Aviva Investors North America Holdings, Inc. (a subsidiary of
River Road, which is based in Louisville, Kentucky, offers industry-leading
value-oriented equity strategies using a proven “absolute value” investment
philosophy designed to provide sustainable, low-volatility returns over the
long term. Over the past 16 years, the team at River Road, which includes 17
investment professionals, has developed innovative strategies which appeal to
a broad and diverse institutional and retail client base, including mutual
funds, endowments, foundations, retirement plan sponsors, corporations and
sovereign wealth funds located around the world.
As part of the transaction, River Road’s executive team and key investment
professionals have agreed to long-term commitments to remain with the firm.
River Road will maintain an ongoing relationship with Aviva through a number
of sub-advisory mandates. The terms of the transaction were not disclosed.
About Affiliated Managers Group
AMG is a global asset management company with equity investments in leading
boutique investment management firms. AMG’s innovative partnership approach
allows each Affiliate’s management team to own significant equity in their
firm while maintaining operational autonomy. AMG’s strategy is to generate
growth through the internal growth of existing Affiliates, as well as through
investments in new Affiliates. In addition, AMG provides centralized
assistance to its Affiliates in strategic matters, marketing, distribution,
product development and operations. As of March 31, 2014, the aggregate assets
under management of AMG’s Affiliates were approximately $594 billion, pro
forma for a pending investment, in more than 400 investment products across a
broad range of investment styles, asset classes and distribution channels. For
more information, please visit the Company’s website at www.amg.com.
Certain matters discussed in this press release may constitute forward-looking
statements within the meaning of the federal securities laws. Actual results
and the timing of certain events could differ materially from those projected
in or contemplated by the forward-looking statements due to a number of
factors, including changes in the securities or financial markets or in
general economic conditions, the availability of equity and debt financing,
competition for acquisitions of interests in investment management firms, the
ability to close pending investments, the investment performance of our
Affiliates and their ability to effectively market their investment
strategies, and other risks detailed from time to time in AMG’s filings with
the Securities and Exchange Commission. Reference is hereby made to the “Risk
Factors” set forth in the Company’s Form 10-K for the year ended December 31,
AMG routinely posts information that may be significant for investors in the
Investor Relations section of its website, and encourages investors to consult
that section regularly. For additional information, please visit www.amg.com.
Affiliated Managers Group, Inc.
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