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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Highbury Financial Inc. (Aston Asset Management LLC)
  • Affiliated Managers Group, Inc.
  • Mutual Fund
  • December 14, 2009
  • $5.4 Billion

Seller Details

Highbury is an investment management holding company that was organized to provide permanent capital solutions to mid-sized investment management firms.  Highbury's only affiliate, Aston Asset Management LLC, offers sub-advised investment products to the mutual fund and managed accounts markets. Aston is the principal advisor to the Aston Funds, a fund family of 24 sub-advised, no-load mutual funds with total net assets of approximately $6.2 billion as of November 30, 2009. The firm distributes its domestic equity, international, alternatives, sector, balanced and fixed income funds to consultants, registered investment advisors, broker-dealers and defined contribution plans.

Buyer Details

Affiliated Managers Group is a diversified asset management company with approximately $205 billion in assets at September 30, 2009 (pro forma for the pending investment). AMG’s strategy is to generate growth through the internal growth of its existing Affiliates, as well as through investments in new Affiliates. Through AMG’s innovative partnership approach, individual members of each Affiliate’s management team retain or receive significant direct equity ownership in their firm while maintaining operating autonomy. AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations.
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