Wednesday, 17 December 2014
Last updated 8 hours ago
May 2 2012 | 2:58am ET
Despite its stable of prominent hedge funds and continued inflows, Affiliated Managers Group said that its first quarter profit fell year-on-year.
The Prides Crossing, Mass.-based firm, which invests in asset managers and owns stakes in AQR Capital Management, BlueMountain Capital Management, ValueAct Capital and Value Partners Group, among others, said its quarterly profit fell 4.4% to $37.4 million. The result was less than half analysts' expectations.
AMG's revenue fell 2% to $417.7 million, even as its portfolio firms' assets under management grew by nearly $40 billion since the end of last year, with net inflows of $7.08 billion.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.