MutualFundWire.com: AMG Acquires Boston Wealth Manager

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Thursday, October 21, 1999

AMG Acquires Boston Wealth Manager

Affiliated Managers Group, Inc. (AMG) and Frontier Capital Management Company have reached a definitive agreement for AMG to acquire a significant equity investment in Frontier. The agreement will result in AMG owning a 70% interest with Frontier management holding the remaining 30%.

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Affiliated Managers Group

Frontier is a Boston-based investment adviser managing over $4 billion in growth equities for institutional clients and high net worth individuals. AMG, Boston-based, holds majority interests in 14 mid-sized investment management firms, the Affiliates in the company's name, while leaving substantial equity ownership with management directly in their own firms. Among the affiliated companies are the Skyline Funds, The Managers Funds, and Tweedy, Browne Company.

Frontier's operations will remain unchanged and current management will continue to oversee the operations of their firm. In addition, certain key employees of Frontier will sign long term employment agreements with the firm.

AMG also said Tuesday that it has named Sean Healey president and chief operating officer. Healey joined AMG in early 1995 as executive vice president and will be replacing William Nutt, who remains chief executive officer.

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