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Rating:AMG's Healey Truly Seals a Deal Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 04, 2014

AMG's Healey Truly Seals a Deal

Reported by Neil Anderson, Managing Editor

Sean Healey and his team at Affiliated Managers Group [profile] just sealed another deal, and they're keeping top executives at the acquiree around.

On Friday Boston-based AMG confirmed the completion of its purchase of London- and Hong Kong-based Veritas Asset Management. AMG's statement reveals that "Veritas' senior professionals have agreed to long term commmittments with the firm," without revealing the specific terms of the deal.

Healey, chairman, president and CEO of AMG, first unveiled the deal in April. At the time Veritas worked with about $17 billion and had 32 people, including four partners: chairman and PM Charles Richardson, head of global and PM Andy Headley, head of Asia and PM Ezra Sun, and chief operating officer Richard Grant.

11-year-old Veritas specializes in global and Asian equity long-only and long-short strategies. 

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