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
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.

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