The rebranding initiative, which more closely aligns Managers Investment Group and its products with AMG, will enhance AMG Funds’ identity and help strengthen the position of both AMG Funds and AMG’s Affiliates in the U.S. retail marketplace. This will further enable AMG and its Affiliates to take advantage of an emerging opportunity as investors rotate out of fixed income and seek active, return-oriented products to meet their investment goals.Acquisition of Remaining Equity of Aston Asset Management Based in Chicago, Aston is the principal advisor to the Aston Funds, which offers sub-advised investment products to the mutual fund and managed account markets, including 23 sub-advised, no-load mutual funds. In 2010, AMG acquired a substantial majority of the equity in Aston, which had $15 billion in assets as of September 30, 2013. AMG will exercise the option included in the original agreement with Aston to acquire the balance of the equity that it does not already own. This option was unique to the Aston transaction. Aston will be restructured to become part of AMG’s U.S. retail distribution platform through the newly rebranded AMG Funds, but will continue to operate as an independent business with its own fund family, sales force and back office. Stuart Bilton, Aston’s founder, Chairman and Chief Executive Officer, will report to Andrew C. Dyson, AMG’s Executive Vice President and Head of Global Distribution. “Aston has an excellent track record of delivering value to its clients by partnering with boutique asset managers around the world,” Mr. Dyson said. “These steps will allow Aston to maintain its autonomy and distinctive approach, while enabling clients of both Aston and AMG Funds to capture the benefits of scale over time.” Following the closing of the transaction, AMG’s U.S. retail distribution platform will include approximately $73 billion in assets across 62 mutual funds and sub-advised products.
About Affiliated Managers GroupAMG 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 September 30, 2013, the aggregate assets under management of AMG’s Affiliates were approximately $513 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, 2012. 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 .