AMG Buys ValueAct Stake

Nov 9 2007 | 12:15pm ET

Asset management boutique Affiliated Managers Group has taken a stake in activist hedge fund manager ValueAct Capital, its second in a hedge fund.

Terms of the deal were undisclosed, but AMG has reportedly purchased a roughly 25% stake in the $6 billion San Francisco hedge fund firm, buying out a former outside investor. ValueAct founders and managers have signed long-term employment contracts, and AMG’s presence is not expected to lead to any investor departures.

Prides Crossing, Mass.-based AMG also owns a 25% stake in AQR Capital Management, which it took three years ago.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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