Based on its third-quarter results
' Affiliated Managers Group (AMG)
is likely to remain the darling of the analysts
for at least a little longer.
shop pulled in nearly $11 billion in net flows in the third quarter, bringing its total year-to-date to around $25 billion and its total AUM to $416 billion.
The firm's EBITDA for the quarter was $133.5 million, compared to $112.9 million for the same period a year before.
In the press release accompanying the earnings report, CEO Heale cited the firm' acquisitions of Yacktman
and its "significant incremental investment" in
as the keys to its growth strategy.
AMG is also one of three Robeco bidders
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