AMG (AMG) Boosts Investment in Credit Alternatives Manager BlueMountain Capital

July 31, 2012 7:59 AM EDT
Affiliated Managers Group, Inc. (NYSE: AMG) today announced it has increased its investment in BlueMountain Capital Management LLC, a leading global credit alternatives manager which has been an AMG Affiliate since 2007.

Under the terms of the transaction, all eight members of BlueMountain’s management committee, including its Chief Executive Officer and co-founder Andrew Feldstein, as well as seven other partners, have entered into or renewed their long-term commitments with the firm. In addition, a significant portion of the proceeds from the transaction will be invested in BlueMountain funds. The firm will continue to operate independently, with no changes in day-to-day operations.

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