Affiliated Managers Group (NYSE: AMG) reported Q2 EPS of $3.08, $0.06 better than the analyst estimate of $3.02. Revenue for the quarter came in at $646.6 million versus the consensus estimate of $662.11 million.

“AMG generated strong results for the second quarter, reporting Economic earnings per share of $3.08, a 16% increase over the second quarter of 2014,” stated Sean M. Healey, Chairman and Chief Executive Officer of AMG. “Against the backdrop of elevated market volatility, our results reflect ongoing successful execution across all aspects of our business, including strong organic growth, excellent long-term performance of our Affiliates, and additional investments in outstanding new Affiliates.”

“We have generated strong organic growth from positive client cash flows for 21 consecutive quarters – including over $4 billion in net inflows during the second quarter – which is particularly notable given the muted investor risk appetite observed by the broader industry,” Mr. Healey continued. “Global institutional clients increasingly recognize the competitive advantages of boutique firms in generating alpha for the return-seeking portions of their portfolios. With their industry-leading products in the most attractive areas in active equities and alternatives, our Affiliates continue to benefit from these demand trends, and we see ongoing opportunities to win new business across a broad range of geographies and channels.”

“Finally, the transaction environment remains highly favorable for us, and we are making meaningful progress with a number of outstanding prospects across a diverse array of leading traditional and alternative firms globally,” Mr. Healey concluded. “In addition, we were pleased to announce our fifth Wealth Partners Affiliate, myCIO, a leading wealth management boutique with approximately $7 billion in client assets, and we continue to see substantial opportunities to partner with outstanding wealth management firms. Looking ahead, given our unparalleled competitive position, including a proven track record of successful partnerships spanning over two decades, we are uniquely well positioned to execute on a broad and diverse opportunity set of prospective Affiliates.”

For earnings history and earnings-related data on Affiliated Managers Group (AMG) click here.