{"id":6772,"date":"2007-11-09T00:00:00","date_gmt":"2007-11-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"amg-buys-stake-in-valueact-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2007\/amg-buys-stake-in-valueact-hedge-fund.html","title":{"rendered":"AMG buys stake in ValueAct hedge fund"},"content":{"rendered":"<p>  Guardian Unlimited- Affiliated Managers Group, a holding company for money management firms, said on Thursday it paid an undisclosed sum for an equity stake in hedge fund ValueAct Capital.<\/p>\n<p>  &nbsp;Beverly, Massachusetts-based AMG, which began taking stakes in hedge funds in 2004, said it bought out the former outside investor in the $6 billion San Francisco-based hedge fund.<\/p>\n<div>  ValueAct, well known for big bets on companies with low stock prices like Misys Plc and Martha Stewart Living Omnimedia Inc, said its investment partners, including the fund&#8217;s founders, will stay  on. Fund managers including Jeffrey Ubben, George Hamel and Peter Kamin all signed long-term employment contracts.<\/div>\n<div>  &nbsp;<\/div>\n<div>  The deal with AMG will allow ValueAct to better position itself for the future, Ubben said. And for AMG, which has $286 billion in assets, the deal marks the latest in a string of hedge fund  investments that AMG President and CEO Sean Healey expects will continue.<\/div>\n<div>  &nbsp;<\/div>\n<div>  &#8220;AMG&#8217;s investment in ValueAct Capital enhances our position in the fast-growing alternative investments area, and we see additional opportunities for continued growth in this segment,&#8221; Healey said.<\/div>\n<p><strong><a href=\"http:\/\/www.guardian.co.uk\/feedarticle?id=7061584\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guardian Unlimited- Affiliated Managers Group, a holding company for money management firms, said on Thursday it paid an undisclosed sum for an equity stake in hedge fund ValueAct Capital. &nbsp;Beverly, Massachusetts-based AMG, which began taking stakes in hedge funds in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6772","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6772"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6772\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}