Affiliated Managers Group, Inc. (AMG) Tops Q1 EPS by 10c

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Go back to Affiliated Managers Group, Inc. (AMG) Tops Q1 EPS by 10c

Affiliated Managers Group (AMG) to Take Majority Stake in Veritas Asset Management

April 29, 2014 7:27 AM EDT

Affiliated Managers Group, Inc. (NYSE: AMG) has entered into a definitive agreement to acquire a majority equity interest in Veritas Asset Management LLP (Veritas). After the closing of the transaction, the management partners of Veritas will continue to hold a substantial portion of the equity of the business and direct its day-to-day operations.

Founded in 2003, Veritas is a leading independent global and Asian equity manager with award-winning investment strategies that seek to deliver long-term real returns for clients through both long-only and long-short mandates. With offices in London and Hong Kong, Veritas manages approximately £10... More