Release Details

BOSTON, Mass., Dec. 31 /PRNewswire/ -- Affiliated Managers Group, Inc. (NYSE: AMG - news) announced today that it has completed its previously-announced investment in Davis Hamilton Jackson & Associates, L.P. (''DHJA''). AMG is a Boston-based asset management holding company which acquires majority interests in mid-sized investment management firms. AMG's strategy is to generate growth through investments in new affiliates, as well as through the internal growth of existing affiliated firms.

DHJA is a Houston-based investment advisor, which manages approximately $3.5 billion for a variety of institutional clients. Founded in 1988 by Robert C. Davis and Jack R. Hamilton, DHJA specializes in investing in large and mid-cap growth equities and fixed-income securities, employing a process focused on identifying companies with earnings and dividend growth significantly greater than that of the market.

This is the 12th investment to date for AMG, bringing total assets under management to approximately $57 billion. AMG's investment structure allows individual members of each Affiliate's management to retain or receive significant direct ownership in their firm while maintaining operating autonomy. As a result of the investment, AMG owns 65% of DHJA with DHJA's management owning the remaining 35%.