Affiliated Managers Group, Inc. (AMG) has acquired a minority equity interest in Suma Capital. The terms of the transaction have not been disclosed yet.With this partnership, AMG will be in a position to further expand its business toward secular growth areas. The transaction marks AMG’s ninth private markets affiliate.Suma Capital 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 E ...

WEST PALM BEACH, Fla., May 16, 2024 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment management firms globally, today announced that it acquired a minority equity interest in Suma Capital ("Suma"). 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 i ...

WEST PALM BEACH, Fla., May 16, 2024 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment management firms globally, today announced that it acquired a minority equity interest in Suma Capital (“Suma”). 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 i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-13459 AFFILIATED MANAGERS GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 04-3218510 ...

财务数据和关键指标变化 - 公司在第一季度实现了260百万美元的EBITDA,同比增长20%,其中包括4000万美元的净业绩报酬收益和2000万美元的私募市场附加费 [7][25] - 经济每股收益为5.37美元,同比增长28% [7] - 公司在第二季度预计EBITDA将在215-220百万美元之间,包括10-15百万美元的季节性较低的净业绩报酬收益 [31] - 第二季度经济每股收益预计在4.50-4.60美元之间 [31] 各条业务线数据和关键指标变化 - 私募市场业务持续保持强劲的募资势头,带动了公司整体替代性资产的增长 [23][26][27][28] - 流动性替代策略业务投资表现出色,带来了丰厚的业绩报酬收益 [29][30] - 差异化长期策略业务在市场表现和资产规模方面也有所改善,尽管仍有一定净流出 [30] 各个市场数据和关键指标变化 - 机构渠道净流入主要来自于私募市场业务的强劲表现 [42][43] - 财富管理渠道在多资产和固定收益策略方面也有较好的表现 [30] 公司战略和发展方向及行业竞争 - 公司正在持续推动业务结构向替代性资产倾斜,目前替代性资产已占到公司EBITDA的一半以上 [17][18][43][52] - 公司将继续通过投资新的独立合伙制公司和与现有公司合作来推动这一战略 [19][52][55] - 公司在与独立合伙制公司合作方面拥有30年的经验,在维持其独立性的同时提供战略支持,这是公司的独特优势 [11][19] 管理层对经营环境和未来前景的评论 - 管理层对公司在私募市场和流动性替代策略方面的强劲表现以及带来的业绩增长表示乐观 [7][23][29] - 管理层认为公司在财富管理渠道推广替代性产品的机会很大,将是未来重点发展方向 [95][96][97][98] - 管理层表示公司有充足的财务灵活性和资金实力,未来将继续积极投资新的合作伙伴以及与现有合作伙伴的合作 [33][34][35][37] 问答环节重要的提问和回答 问题1 **Craig Siegenthaler 提问** 对公司机构渠道净流入的正面趋势有何看法,未来是否能够保持 [41] **Jay Horgen 回答** 公司在私募市场业务的强劲表现是带动机构渠道净流入的主要因素,未来公司将继续推动业务结构向替代性资产倾斜,有望维持较好的净流入态势 [42][43][44][45][46][47] 问题2 **Bill Katz 提问** 公司未来在资本配置方面的计划,包括并购、股票回购和种子投资等 [51] **Jay Horgen 回答** 公司将继续优先投资于增长前景最佳的领域,包括新的独立合伙制公司以及与现有公司的合作,同时也会根据市场情况适当回购股票 [52][53][54][55][56][57] 问题3 **Dan Fannon 提问** 流动性替代策略业务的流入流出情况,以及相关的业绩报酬收益 [62] **Thomas Wojcik 回答** 流动性替代策略业务整体投资表现出色,带来了丰厚的业绩报酬收益,未来随着客户需求的增加有望带动资金净流入 [66][67][68][69][70]

Affiliated Managers Group Inc.’s (AMG) first-quarter 2024 economic earnings of $5.37 per share handily outpaced the Zacks Consensus Estimate of $5.21. The bottom line also jumped 28.5% from the prior-year number.Results were aided by improvement in assets under management (AUM) balance. Further, the company had a robust liquidity position. However, a decline in revenues and slightly higher expenses were the undermining factors.Economic net income was $186.7 million, up 18.1% year over year. Our estimate for ...

Affiliated Managers Group (AMG) came out with quarterly earnings of $5.37 per share, beating the Zacks Consensus Estimate of $5.21 per share. This compares to earnings of $4.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.07%. A quarter ago, it was expected that this asset manager would post earnings of $6 per share when it actually produced earnings of $6.86, delivering a surprise of 14.33%.Over the last four quarters, t ...

业绩总结 - AMG通过股票回购和合作投资支持盈利增长，年化长期增长机会达到中等数位[4] - 2024年第一季度AUM为699.4亿美元，较去年同期增长了31.4亿美元[21] - 2024年第一季度净收入为198.7亿美元，较去年同期增长了10.2亿美元[24] - 资产负债表显示，截至2024年3月31日，现金及现金等价物为793.4亿美元，负债总额为411.1亿美元[27] 合作伙伴和增长 - AMG与领先的独立公司合作，提供高质量、多样化的投资产品，管理资产规模约7000亿美元[2] - AMG通过多种增长驱动因素实现长期增长和股东价值，包括多样化市场曝光、有机增长和对新旧合作伙伴的投资[5] - AMG合作伙伴在产生Alpha方面具有竞争优势，长期投资表现强劲[6] - AMG通过有机增长和资本形成能力增强合作伙伴的影响力[8] 财务数据和指标 - 净客户现金流为-3.7亿美元，表明资金流出超过资金流入[22] - 机构客户在2024年第一季度的AUM为369.6亿美元，高净值客户为127.0亿美元[23] - 经济净收入为186.7亿美元，较去年同期增长了28.6亿美元[25] - Adjusted EBITDA代表公司在利息支出、收入和某些非收入税、折旧、摊销、减值、与关联交易相关的收益和损失以及某些非现金项目之前的表现[33]

Exhibit 99.1 Investor & Media Relations: Patricia Figueroa +1 (617) 747-3300 ir@amg.com pr@amg.com AMG Reports Financial and Operating Results for the First Quarter of 2024 Company reports EPS of $4.14, Economic EPS of $5.37 in first quarter Net Income (controlling interest) of $150 million, Economic Net Income (controlling interest) of $187 million Economic Earnings per share increased 28% year-over-year, reflecting strong business momentum and the positive impact of our capital allocation strategy Issued ...

Company reports EPS of $4.14, Economic EPS of $5.37 in first quarter Net Income (controlling interest) of $150 million, Economic Net Income (controlling interest) of $187 millionEconomic Earnings per share increased 28% year-over-year, reflecting strong business momentum and the positive impact of our capital allocation strategyIssued $450 million of 40-year junior hybrid debt and repurchased approximately $150 million in common stock WEST PALM BEACH, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- AMG, a leading pa ...