AMG Increases its Investment in BlueMountain Capital Management
Under the terms of the transaction, all eight members of BlueMountain’s
management committee, including its Chief Executive Officer and
co-founder
Founded in 2003, BlueMountain manages more than
“We are very pleased to significantly increase our investment in BlueMountain, which reflects the strength of our existing partnership as well as the firm’s excellent long-term growth prospects,” said Sean M. Healey, AMG’s Chairman and Chief Executive Officer. “With an outstanding management team and exceptional track record of generating strong absolute returns, BlueMountain has grown substantially since our initial investment. We look forward to continuing our successful partnership, which includes a range of strategic initiatives such as global distribution and succession-planning to position BlueMountain for the long term.”
“Our goal in founding BlueMountain was to build an outstanding culture of innovation and risk management that would allow the firm to outperform and deliver strong returns for investors, regardless of market conditions,” stated Mr. Feldstein. “The partnership with AMG helps us execute that vision by more fully aligning management’s long-term interests with those of our investors, providing capital to invest in BlueMountain products and enhancing our brand and distribution capabilities globally.”
About
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
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
AMG routinely posts information that may be significant for investors in the Investor Information section of its website, and encourages investors to consult that section regularly. For additional information, please visit www.amg.com.
Source:
Affiliated Managers Group, Inc.
Investor Relations:
Alexandra
Lynn, 617-747-3300
ir@amg.com
or
Media
Relations:
Laura O’Brien, 617-747-3300
pr@amg.com