Saturday, 25 October 2014
Last updated 12 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.