Affiliated Managers Group, Inc. (NYSE: AMG), a global asset management
company, today announced the completion of the acquisition of River Road
Asset Management from Aviva Investors North America Holdings, Inc. (a
subsidiary of Aviva plc).
River Road, which is based in Louisville, Kentucky, offers
industry-leading value-oriented equity strategies using a proven
“absolute value” investment philosophy designed to provide sustainable,
low-volatility returns over the long term. Over the past 16 years, the
team at River Road, which includes 17 investment professionals, has
developed innovative strategies which appeal to a broad and diverse
institutional and retail client base, including mutual funds,
endowments, foundations, retirement plan sponsors, corporations and
sovereign wealth funds located around the world.
As part of the transaction, River Road’s executive team and key
investment professionals have agreed to long-term commitments to remain
with the firm. River Road will maintain an ongoing relationship with
Aviva through a number of sub-advisory mandates. The terms of the
transaction were not disclosed.
About Affiliated Managers Group
AMG 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 March 31, 2014, the aggregate assets under management
of AMG’s Affiliates were approximately $594 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, 2013.
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.
Copyright Business Wire 2014