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

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

Rating:AMG Gives Another Boutique its Freedom Not Rated 1.0 Email Routing List Email & Route  Print Print
Monday, June 17, 2013

AMG Gives Another Boutique its Freedom

Reported by KP

Sometimes, you have to let the chicks out of the nest.

MFWire just reported in its Stork & Reaper section that Affiliated Managers Group [profile] has entered into a definitive transfer agreement with Friess Associates [profile] in which AMG will transfer its indirect majority ownership interest in the Friess Companies to Friess' management team.

According to the SEC filing, "upon closing, the Friess Transaction will ensure the Friess Companies’ continuing operational autonomy going forward; and preserve the Friess Companies’ independent character, including their focus on the interests of their clients.

Friess manages the Brandywine funds, which as a result of the transaction, will be reorganized into series of the Managers Trust I fund.

The boutique was founded by Foster Friess, who funds a variety of conservative causes.

This is not the first time that an AMG boutique has left the nest. Back in October 2012, MFWire reported on another AMG boutique that gained its freedom, Essex Investment Management Company. Essex bought back a 51 percent stake from AMG to achieve 100 percent ownership.  

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

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use