Third Avenue Investor AMG Declines After Fund Stops Redemptions

Affiliated Managers Group Inc., the company that owns stakes dozens of money managers, dropped the most in more than a month after one of its affiliates, Third Avenue Management, suspended redemptions from a mutual fuind.

AMG declined 5.1% at 1:39 p.m. in New York trading, the biggest drop since Nov. 9. Third Avenue took the rare step of freezing withdrawals from a $788 million credit mutual fund on Dec. 9.

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