Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AMG Growing Large Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 22, 2002

INTERESTED
AMG Growing Large

by: Tony Pennino

Affiliated Managers Group (AMG) will be acquiring 60 percent interest in Third Avenue Management, David Barse, president and coo at the latter, told the MutualFundWire.com. The firms expect shareholder and regulatory approval to be completed by the middle of the summer.

"This is not going to affect our branding or product line at all," Barse reported. He also added that Third Avenue senior professionals will be staying on with this change and signing long-term employment contracts.

"By choosing to partner with AMG, we have been able to address our succession planning needs while maintaining important incentives for continued growth. While we value the continued autonomy provided by AMG's investment structure, we also value the opportunity to benefit from AMG's Affiliate Development initiatives in the areas of distribution and business enhancement," the executive contended.

The remaining 40 percent of Third Avenue will be held by members of that firm's senior management. Barse is a member of that group. 

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use