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

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

Rating:AMG Benefits from the Healey Effect Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 30, 2014

AMG Benefits from the Healey Effect

News summary by MFWire's editors

The fund industry is Sean Healey's buffet table.

The president, chairman and chief executive of AMG has bought into another firm, this time a majority stake in the British equities specialist Veritas Asset Management, as well as reported an 11 percent rise in profits.

According to Bloomberg, AMG saw it first-quarter economic net income rise to $137.9 million, or $2.48 per share. That beat the $2.38-a-share estimate of nine analysts in a Bloomberg survey, and represents an 11 percent increase from a year-ago.

AMG has stakes in more than two dozen boutiques, leveraging its distribution oomph (now by retail CEO Jeff Cerutti to these managers.

The newswire notes that AMG attracted $7 billion in new investor money in the most recent quarter, compared with $5.5 billion in the previous three months.

Healey's successes attracted the attention of other news outlets, such as The Wall Street Transcript

Edited by: Tommy Fernandez


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
2018: Q3Q2Q1
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. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use