Affiliated Managers Group (AMG) has agreed to make fresh investments into AQR Capital Management, an investment manager which is an affiliate of AMG since 2004.
Following the transaction, which is expected to close by December 31, AMG will hold a minority interest in the partnership and will continue to account for AQR as an equity method investment.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
While the terms of the deal were not revealed, AMG expects that the fresh investment will increase Economic earnings per share by approximately $0.60 in 2015.
However, the fresh investment will not impact the ownership structure of the firm.
AQR’s Principals s David Kabiller, and John Liew, along with the firm’s other 18 Principals will continue to hold a majority of the firm’s partnership interests and operate the firm independently.
The 1998-founded AQR manages nearly $115bn in assets as of September 30, 2014 across a range of alternative and traditional investment strategies.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
