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United Kingdom

Affiliated Managers Group Inc (AMG.N)

AMG.N on New York Stock Exchange

203.01USD
16 Jan 2018
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$0.21 (+0.10%)
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Latest Key Developments (Source: Significant Developments)

Fca Says Alleges That The Four Firms Shared Information Around One Or More Ipos And One Placing
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - Bank Of New York Mellon Corp ::UK MARKETS WATCHDOG FCA SAYS HAS ISSUED A STATEMENT OF OBJECTIONS TO FOUR ASSET MANAGEMENT FIRMS, BELIEVES MAY HAVE BROKEN COMPETITION LAW.FCA SAYS FOUR FIRMS ARE ARTEMIS INVESTMENT MANAGEMENT, HARGREAVE HALE, NEWTON INVESTMENT MANAGEMENT, RIVER & MERCANTILE ASSET MANAGEMENT.FCA SAYS ALLEGES THAT THE FOUR FIRMS SHARED INFORMATION AROUND ONE OR MORE IPOS AND ONE PLACING.  Full Article

Affiliated Managers Group reports Q3 earnings per share of $2.22
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Affiliated Managers Group Inc :AMG reports financial and operating results for the third quarter of 2017.Q3 earnings per share $2.22.Q3 earnings per share view $3.36 -- Thomson Reuters I/B/E/S.Q3 revenue $585.7 million.Affiliated Managers Group Inc - ‍AMG's aggregate assets under management were approximately $804 billion at September 30, 2017​.Affiliated Managers Group Inc - qtrly ‍economic earnings per share were $3.41​.  Full Article

Affiliated Managers Group Q2 earnings per share $1.97
Monday, 1 Aug 2016 

Affiliated Managers Group Inc : Q2 earnings per share $1.97 . Amg reports financial and operating results for the second quarter and first half of 2016 . Q2 earnings per share view $3.01 -- Thomson Reuters I/B/E/S . AMG's aggregate assets under management were approximately $700 billion at June 30, 2016 . Q2 revenue view $563.9 million -- Thomson Reuters I/B/E/S . Qtrly economic EPS of $3.06 . Net client cash flows for Q2 of 2016 were $0.6 billion .Qtrly revenue $ 554.1 million versus $ 646.6 million.  Full Article

AMG announces pricing of 2.50 mln common shares
Tuesday, 7 Jun 2016 

Affiliated Managers Group Inc : AMG announces pricing of public offering of common stock . Says offering 2.50 million common shares . Pricing of an underwritten public offering for expected gross proceeds of approximately $425 million .AMG announces pricing of public offering of common stock.  Full Article

Affiliated Managers Group says offering 2.50 mln shares
Monday, 6 Jun 2016 

Affiliated Managers Group Inc : AMG announces proposed public offering of common stock .Says offering 2.50 million common shares.  Full Article

Affiliated Managers Group enters commitment increase agreement
Monday, 6 Jun 2016 

Affiliated Managers Group Inc : Entered commitment increase agreement increasing commitments under revolving credit agreement from $1.3 billion to $1.45 billion . Entered commitment increase and joinder agreement increasing borrowings under term credit agreement from $350 million to $385 million . May further increase commitments under revolving credit agreement by up to $350 million - SEC filing . May borrow up to an additional $65 million under term credit agreement - SEC filing .Filed prospectus persuant to which co may issue, sell shares having aggregate sales price of up to $500 million.  Full Article

Affiliated Managers Group to invest in leading alternative firms
Monday, 6 Jun 2016 

Affiliated Managers Group Inc : AMG announces agreement to invest in leading alternative firms . AMG will acquire interests in firms from Petershill Fund I for approximately $800 million in total consideration . Will acquire interests in firms from Petershill Fund I in cash at closing, funded up to 50% in equity . Upon closing, AMG's assets under management expected to increase by $55 billion to nearly $700 billion (pro forma as of march 31, 2016) . Reached definitive agreement with Petershill Fund I to acquire Petershill Fund I's minority equity interests in five alternative investment firms . AMG expects that transaction will increase economic earnings per share by $0.50 to $0.80 in 2017 . On closing senior management at each of firms will continue to hold unchanged majority of equity in each respective business . Reached agreement with Petershill Fund I, a group of investment vehicles managed by Goldman Sachs Asset Management L.P. . AMG's investment in interests representing about half of total transaction value is expected to close during q3 of 2016 .Balance of AMG's investment expected to close by year-end 2016.  Full Article

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FCA says four fund firm may have breached competition law

LONDON Britain's markets regulator said four asset management companies might have broken competition law during share sales in the first case that uses its antitrust enforcement powers.