| Sean Healey|
Affiliated Managers Group
President and CEO
For fundsters interested in Affliated Managers Group
, an article
by Institutional Investor's
Julie Segal is worth
AMG, whose affiliates include Tweedy Browne, Third Avenue and Aston Asset Management, sets itself apart from other rollups by buying a majority interest in firms and letting key executives keep the remaining stake and retain management control.
Don't expect ETFs to become part of the AMG picture.
"Passive investments and exchange-traded funds won’t figure in AMG’s future," Segal writes. "Healey says no to ETFs, even though the vehicles have been the fastest-growing asset management product of the past few years, because they are still largely index products and he doesn’t think that AMG can add value there."
Armie Margaret Lee
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