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Affiliated Managers Group history
Affiliated Managers Group company history timeline
1993 The company is founded by William Nutt.
In its first deal, in 1994 AMG paid close to $10 million in cash and notes for a 51 percent interest in New York-based J.M. Hartwell, and ultimately took a 75 percent position.
The most notable recruit would be Sean Healey, a Goldman Sachs veteran just two years shy of a potential partnership, who would come on board in the spring of 1995.
AMG invested another $62 million in 1995 on stakes in four more money management firms.
The firm also raised more cash in another equity offering and made a key acquisition in April 1999, acquiring Norwalk, Connecticut-based The Managers Funds L.L.C., a family of nine, no-load mutual funds run by outside managers.
AMG was hitting on all cylinders in 1999, as revenues soared to $518.7 million and net income increased to $72.2 million.
Poor economic conditions persisted in 2001, when AMG realized net income of $50 million on revenues that receded to $408.2 million.
Then, in November 2004, AMG acquired AQR Capital Management, L.L.C., a Greenwich, Connecticut-based investment management firm and hedge fund manager with about $12 billion of assets under management.
2004 Sean Healey is replaced by Nutt as CEO.
AMG purchased a 5 percent share in Value Partners Group Ltd. in 2009.
In 2016, AMG made an investment in leading Asia-based private equity firm Baring Private Equity Asia.
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Affiliated Managers Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Warburg Pincus | 1966 | $2.1B | 500 | 1 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 175 |
| Citi | 1812 | $74.3B | 210,000 | 686 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,078 |
| Eaton Vance | 1924 | $1.7B | 1,871 | - |
| Primerica | 1977 | $602.0M | 2,104 | 71 |
| Pacific Investment Management Company LLC | 1971 | $787.9M | 2,900 | 55 |
| HarbourVest | 1982 | $12.8M | 341 | 2 |
| Charles Schwab | 1971 | $1.6B | 32,000 | 620 |
| Ssga | - | - | - | - |
Affiliated Managers Group history FAQs
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Affiliated Managers Group may also be known as or be related to Affiliated Managers Group, Affiliated Managers Group Inc, Affiliated Managers Group Ltd. and Affiliated Managers Group, Inc.