Saturday, 18 April 2015
Last updated 11 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…