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AMG - Affiliated Managers Inc News Story

$155.64 -2.4  -1.5%

Last Trade - 22/04/21

Large Cap
Market Cap £4.84bn
Enterprise Value £6.62bn
Revenue £1.46bn
Position in Universe 1181st / 6852

AMG Announces Investment in Boston Common Asset Management, A Women-Owned Leader in Sustainable and Impact Investing

Mon 1st February, 2021 9:28pm
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WEST PALM BEACH, Fla., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Affiliated Managers
Group, Inc. (NYSE: AMG), the industry’s leading partner to independent
active investment management firms, has entered into a definitive agreement to
acquire a minority equity interest in Boston Common Asset Management, LLC
(“Boston Common”). After the closing of the transaction, the senior
partners of Boston Common will continue to hold a significant majority of the
equity of the firm and direct its day-to-day operations.

Boston Common is an independent, partner-owned global equity manager dedicated
to integrated environmental, social, and governance (ESG) impact investing.
Its investment process combines traditional financial analysis with in-house
ESG research to identify innovative companies that not only offer attractive,
risk-adjusted long-term investment returns, but also provide products or
services with positive societal impact. As a leader in corporate shareowner
engagement, Boston Common advocates meaningful improvements to company
practices, products, and policies, believing that these changes will also
enhance company fundamentals. With $3.9 billion in assets under management as
of December 31, 2020, the firm has built a strong long-term investment track
record across international, global, US, and emerging markets strategies.
Boston Common has been recognized as among the top 10% of the global B Corp
community each year since 2017, and has earned an A+ rating from the United
Nations Principles for Responsible Investing (UN PRI) every year since 2015.

“We have deep respect for Boston Common’s consistent investment process,
strong long-term track record, and extraordinary expertise in sustainable
investing,” said Jay C. Horgen, President and Chief Executive Officer of
AMG. “Geeta Aiyer, founder of the firm, has been recognized as a leader in
ESG and impact investing for more than 30 years. AMG’s partnership with
Boston Common further enhances our strategic participation in ESG investing,
an area that is one of the fastest-growing segments in the investment
industry, and an increasingly significant focus for clients globally. Boston
Common has demonstrated that excellent investment performance can be generated
when the pursuit of financial return and social change are intertwined. We are
delighted to welcome Geeta, Allyson McDonald, CEO, and their partners to our
Affiliate group and pleased to invest in another women-owned and -led firm.”

Ms. McDonald added: “We believe that AMG’s distribution platform and
relationships with global asset owners will meaningfully enhance the growth of
Boston Common’s integrated ESG capabilities and further diversify our client
base. AMG’s collaborative partnership approach will support our efforts to
address climate change, racial and gender inequity, and corporate governance
as we enter the next phase of our growth and continue to build an enduring,
multi-generational, independent investment firm.”

“Our new partnership with AMG enables Boston Common to preserve its
authentic approach and investment and operational independence, while
enhancing the firm’s ability to serve its clients,” Ms. Aiyer said. “It
was essential to us to identify a long-term partner and collaborator aligned
with our culture and approach. We founded Boston Common inspired by the belief
that equity investors have an opportunity and duty to advocate for positive
change and better solutions for people and planet. Given AMG’s three-decade
track record in supporting and enhancing the long-term growth and
sustainability of leading partner-owned firms, our new partnership will
reinforce our ability to continue this essential work as an inclusive,
majority women- and employee-owned firm.”

The terms of the transaction were not disclosed.

About AMG
AMG is a global asset management company with equity investments in leading
boutique investment management firms. AMG’s strategy is to generate
long‐term value by investing in leading independent active investment
managers, through a proven partnership approach, and allocating resources
across the Company's unique opportunity set to the areas of highest growth and
return. AMG’s innovative partnership approach allows each Affiliate’s
management team to own significant equity in their firm while maintaining
operational autonomy. In addition, AMG provides centralized assistance to its
Affiliates on strategy, marketing, distribution, and product development. As
of September 30, 2020, AMG’s aggregate assets under management were
approximately $654 billion across a broad range of active, return-oriented
strategies. For more information, please visit the Company’s website at

About Boston Common
Boston Common is a boutique global equity investment firm and a leader in
global impact initiatives dedicated to the pursuit of financial return and
social change. Boston Common was founded in 2003 and is majority women-owned
and employee-owned. The company manages active, long-only ESG strategies in
U.S., non-U.S., and global equities and had $3.9 billion in assets under
management as of December 31, 2020. For more information, visit

Certain matters discussed in this press release may constitute forward-looking
statements within the meaning of the federal securities laws, and could be
impacted by a number of factors, including those described under the section
entitled “Risk Factors” in our most recent Annual Report on Form 10-K, as
such factors may be updated from time to time in our periodic filings with the
SEC, which are accessible on the SEC's website at We undertake no
obligation to publicly update or review any forward-looking statements,
whether as a result of new information, future developments or otherwise,
except as required by applicable law. From time to time, AMG may use its
website as a distribution channel of material Company information. AMG
routinely posts financial and other important information regarding the
Company in the Investor Relations section of its website at and
encourages investors to consult that section regularly.

Investor Relations:
Anjali Aggarwal

Media Relations:                           
Jonathan Freedman

+1 (617) 747-3300



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