MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 30, 2014 Healey Polishes off the River Road Course of His Feast All that's left is the after-dinner mint. AMG's Sean Healey has finished yet another course of his perpetual feast. AMG announced today that it has completed the acquisition of River Road Asset Management from Aviva plc.-subsidiary Aviva Investors North America Holdings, Inc.. The River Road deal, in which AMG bought the remaining shares it did not own in the Louisville, Kentucky-based value equity manager was announced in March, along with the investment into EIG Global Energy. The River Road deal is only the latest course finished in Healey's perpetual feast. In April, AMG bought into Veritas; as well asinto the $5 billion SouthernSun Asset Management in December 2013. AMG also bid $500MM for a portion of D.E. Shaw earlier in June. Healey has courted alts firms in the past as well. He also recently hired Jeffrey Cerutti to serve as chief executive of AMG Funds. Healey's hunger has had a decidedly beneficial impact on AMG so far. AMG's most recent earnings were up 11 percent, and AMG recently garnered a berth on the S&P 500. Printed from: MFWire.com/story.asp?s=48997 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |