Affiliated Managers Group (AMG
]) and AQR Capital Management
] are tighter than ever these days.
On Friday Boston, Massachusetts-based AMG completed
an additional investment in the Greenwich, Connecticut-based mutual fund shop. Though the new size of AMG’s stake, and the price AMG paid to increase that stake, were not revealed, AMG did confirm
that AMG remains a minority shareholder in AQR, with AQR’s principals (21 in total) still being the majority owners of AQR. The deal also includes long-term commitments to AQR from those principals.
AMG first invested in AQR ten years ago.
, chairman and CEO of AMG, describes the AQR team as “outstanding partners” for AMG. Cliff Asness
, managing and founding principal of AQR, calls AMG “a great partner.”
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