A month and a half after sealing a deal to buy Aston Asset Management's
parent, Affiliated Managers Group
has made another acquisition. Boston-based AMG, whose empire includes Third Avenue Management, Tweedy Browne
and AQR, on Monday said it inked a deal to buy UK-based Artemis from Fortis Bank. The deal, terms of which were not made public, is expected
to close at the start of the second quarter.
This marks AMG's second deal in the UK. In 2004, AMG made an investment in Genesis Investment Management.
In the fourth quarter of 2009, AMG posted net income of $24.6 million.
Stay ahead of the news ... Sign up for our email alerts now