Affiliated Managers Group (AMG) Tops Q4 EPS by 9c

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Affiliated Managers Group (AMG) Unit to Take Majority Stake in Baker Street Advisors

January 27, 2015 7:49 AM EST

AMG Wealth Partners, LP, a subsidiary of Affiliated Managers Group, Inc. (NYSE: AMG), has entered into a definitive agreement to acquire a majority equity interest in Baker Street Advisors LLC (Baker Street). After the closing of the transaction, the management partners of Baker Street will continue to hold a substantial portion of the equity of the business and direct its day-to-day operations.

Baker Street, a... More