Affiliated Managers Group (AMG [profile]) and AQR Capital Management [profile] are tighter than ever these days.

On Friday Boston, Massachusetts-based AMG completed an additional investment in the Greenwich, Connecticut-based mutual fund shop. Though the new size of AMG’s stake, and the price AMG paid to increase that stake, were not revealed, AMG did confirm that AMG remains a minority shareholder in AQR, with AQR’s principals (21 in total) still being the majority owners of AQR. The deal also includes long-term commitments to AQR from those principals.

AMG first invested in AQR ten years ago.

Sean Healey, chairman and CEO of AMG, describes the AQR team as “outstanding partners” for AMG. Cliff Asness, managing and founding principal of AQR, calls AMG “a great partner.” 

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