Aerodigm Wealth, LLC established a new position in Affiliated Managers Group (AMG), acquiring 88,749 shares valued at $25.58 million, making it the fund's second-largest holding at 9% of AUM. AMG, which partners with independent boutique investment firms, has surged approximately 80% over the past year, reflecting strong investor confidence in the asset management industry.

Kiltearn Partners LLP fully exited its position in Sealed Air Corporation by selling 335,500 shares in Q4, according to an SEC filing. The position had represented 2.4% of the fund's assets under management. Despite Sealed Air's strong 26.3% return over the past year, the company faces headwinds with Q3 sales declining 1% and management expecting 2-3% sales decline for the full year.

AMG has adjusted the conversion rate of its 5.15% junior convertible trust preferred securities due 2037, increasing the conversion rate from 0.2558 to 0.2582 common shares per $50.00 security.

AMG announced the sale of its interest in Comvest Partners' private credit business to Manulife Financial Corporation, with AMG expected to receive approximately $285 million in cash consideration and retain certain interests in existing funds.

AMG has entered into a definitive agreement to acquire a minority equity interest in Montefiore Investment, a leading European private equity firm with €5 billion in assets under management. The partnership will allow Montefiore to maintain its independence while gaining strategic support from AMG.

Affiliated Managers Group (AMG) has announced the sale of its equity interest in Peppertree Capital Management to TPG Inc. The transaction marks the successful culmination of AMG's partnership with Peppertree, a leading specialized digital infrastructure investment firm.

AMG will report its Q4 and full-year 2024 financial and operating results on February 6, 2025. A conference call will be held at 8:30 a.m. Eastern time on the same day, where management will discuss the results and future expectations.

This course focuses on the new FCA Consumer Duty regulations, including the key principles, cross-cutting rules, and the impact on different financial services firms in the UK and globally.

This article discusses a training course on international payments for banking professionals, covering topics such as foreign exchange, global payments, SWIFT, and clearing and settlement mechanisms. The course aims to provide practical knowledge and tools for managing risks and understanding legal and regulatory frameworks in international payments.

AMG reported strong financial results for the third quarter of 2024, with Economic Earnings per share growing 18% year-over-year. The company's growth strategy continues to drive the evolution of its business mix toward secular growth areas, particularly in alternative strategies.

Principal Financial Group's stock has underperformed its industry and the broader market over the past year. While the company faces rising expenses, it is expected to benefit from strategic initiatives, strong retention, and favorable capital deployment. The article suggests that current investors should hold the stock.

AMG will report its Q2 2024 financial and operating results on July 29, 2024. A conference call will be held at 8:30 a.m. Eastern time on the same day, where management will discuss the quarterly results and future expectations.