This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AMG Announces Investment In SouthernSun Asset Management

Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management company, has entered into a definitive agreement to acquire a majority equity interest in SouthernSun Asset Management, LLC (“SouthernSun”). After the closing of the transaction, SouthernSun’s partners will continue to hold a substantial portion of the equity of the business and direct its day-to-day operations.

With approximately $5 billion in assets under management, SouthernSun was founded in 1989 and manages long-term, concentrated portfolios through a fundamental, research-intensive investment process. The firm offers industry-leading U.S. small- and mid-cap strategies and a recently launched global investment strategy. As of September 30, 2013, SouthernSun’s U.S. institutional strategies rated in the top five percent of their respective categories for the trailing one-, three-, five- and ten-year periods, according to eVestment.

The firm’s flagship SouthernSun Small Cap Fund is rated five stars by Morningstar in the small blend category. The fund’s performance is in the top percentile for its category for the trailing three-, five- and ten-year periods, and was named “Best Fund over Three Years” in the Small-Cap Core Funds category of the 2013 Lipper Fund Awards. In 2012, SouthernSun launched its U.S. Equity Fund, which is currently outperforming the S&P 500 by more than 500 basis points on a trailing one-year basis, according to Morningstar.

“AMG continues to attract the industry’s best boutiques, and SouthernSun has distinguished itself with world-class investment products. With a long-term track record of generating exceptional returns for investors, and outstanding prospects for future growth, SouthernSun is an excellent addition to our Affiliate group,” said Sean M. Healey, AMG’s Chairman and Chief Executive Officer. “We believe that the firm’s measured, disciplined approach to identifying value in prospective investments will enable it to continue to generate extraordinary growth in the years ahead.”

Michael W. Cook, Sr., SouthernSun’s Founder, Chief Executive Officer and Chief Investment Officer, said, “Through AMG’s partnership approach, we will retain our operating autonomy and ability to continue to employ the uniquely patient approach to investment management that has been so essential to our success. The partnership with AMG will also position our team for the long-term by facilitating equity transfers over time to the next generation of partners here at SouthernSun.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs