AMG buys stake in Frisco hedge fund

Affiliated Managers Group today announced that it had purchased a stake in ValueAct Capital Partners.
NOV 08, 2007
By  Bloomberg
Affiliated Managers Group Inc. today announced that it had purchased a stake in ValueAct Capital Partners, a San Francisco hedge fund. The Boston asset management company bought the stake from another outside investor. ValueAct’s management team maintains the majority ownership of the firm. The $6 billion hedge fund, led by Jeffrey W. Ubben, George F. Hamel Jr. and Peter H. Kamin, has a track record of investing in undervalued companies and turning them around to enhance shareholder value. ValueAct’s investments include Gartner Group Inc. of Stamford, Conn. and Martha Stewart Living Omnimedia Inc. of New York. The firms did not disclose the details of the transaction.

Latest News

'Bogged down' advisors just want to have fun (again)
'Bogged down' advisors just want to have fun (again)

Jim Cahn, of Wealth Enhancement Group, lifts the lid on his firm's partnership model, his views on RIA M&A, and the widely slept-on reason why advisors are merging into larger organizations.

Vestwell unveils new emergency savings account offering
Vestwell unveils new emergency savings account offering

The fintech firm is cementing its status in the workplace savings space with its latest ESA offering, which employers can integrate into their existing benefits package.

'Money Mimosas' and other ways to show your Valentine financial love
'Money Mimosas' and other ways to show your Valentine financial love

Wealth managers offer unique ideas for couples to grow closer emotionally and financially.

Limra research finds financial confidence on the rise among Black American workers
Limra research finds financial confidence on the rise among Black American workers

Survey findings suggest increased sense of financial security and more optimistic 2025 outlook, while highlighting employers' role in ensuring retirement readiness.

DOGE efforts sideswipe muni bonds backed by federal lease payments
DOGE efforts sideswipe muni bonds backed by federal lease payments

Falling prices for some securities within the $4 trillion state and local government debt market spotlight how the push to shrink spending is sending shockwaves across the US.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.