Wednesday, 27 August 2014
Last updated 5 hours ago
Jul 27 2010 | 12:09pm ET
Affiliated Managers Group, which owns stakes in several high-profile hedge funds, said its second-quarter income more than doubled to $25.2 million, thanks in no small part to several new acquisitions.
Beverly, Mass.-based AMG—whose portfolio includes stakes in AQR Capital Management and BlueMountain Capital Management—earned just $11 million in the second quarter of last year. Its revenue was up more than 50% to $332.1 million, and assets under management rose 7% in the second quarter and 19% in the first half to $248.9 billion. Inflows during the second quarter were $283 million.
In February, AMG bought British private equity firm Pantheon Ventures. The firm also owns stakes in hedge funds ValueAct Capital and Value Partners.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...