Sunday, 29 November 2015
Last updated 1 day ago
Nov 10 2009 | 10:02am ET
Affiliated Managers Group has taken a stake in Hong Kong-based hedge fund Value Partners Group.
Value Partners focuses on investments in greater China, and has US$4.6 billion in assets under management. Terms of the deal, including the price AMG paid for the 5% stake, were not disclosed, but the two will collaborate on distribution and product development. The deal also paves the way for Beverly, Mass.-based AMG to open its own Hong Kong office, for sales and marketing, next year.
“Our investment in Value Partners marks our entry into the Greater China region, and we are very pleased to partner with one of the largest and most respected independent boutique asset management firms,” Sean Healey, CEO of AMG, said.
AMG invests in asset management companies, and owns stakes in hedge funds AQR Capital Management, BlueMountain Capital Management and ValueAct Capital.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…