Affiliated Managers Reports Lower Profits

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.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note