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.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...