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Stock impact report

AMG Announces Partnership with Suma Capital [Yahoo! Finance]

Affiliated Managers Group, Inc. (AMG) 
Last affiliated managers group, inc. earnings: 4/27 07:03 am Check Earnings Report
US:NYSE Investor Relations: ir.amg.com
Company Research Source: Yahoo! Finance
Suma is a pan-European private markets firm that invests in the transition to a lower carbon economy, a sector with increasing client allocations and deployment opportunities across Europe. Led by co-founders Enrique Tombas, David Arroyo, and Pablo Muller, Suma has approximately $800 million in assets under management primarily across infrastructure and growth strategies. The partnership marks AMG's ninth private markets Affiliate, further evolving AMG's business toward secular growth areas. The terms of the transaction were not disclosed. Suma's partners will continue to hold a significant majority of the equity of the firm and direct its day-to-day operations. About AMG AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG's strategy is to generate long-term value by investing in a diverse array of high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique Show less Read more
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