Affiliated Managers Group, Inc. · Prides Crossing, MA United States ·(NYSE: AMG)

AMG knows a good asset when it sees one -- and it knows how to make the most of the ones it finds. Affiliated Managers Group (AMG) is an asset management company that owns interests in more than 30 boutique investment management firms in the US and Canada. The company typically acquires majority stakes of between 50% and 70% in its affiliates -- firms that cater to institutional investors and wealthy individuals. Its structure lets affiliates retain partial ownership of their firms and operate with relative autonomy. AMG usually contracts to allocate a percentage of revenues to affiliates for operating expenses, such as compensation. To read the full description, subscribe now.