AMG Completes Investment in Aston Asset
April 15, 2010 04:23 PM Eastern Daylight Time
BOSTON--(EON: Enhanced Online News)--Affiliated Managers Group, Inc. (NYSE: AMG) today announced the
completion of its investment in Aston Asset Management LLC (“Aston”) through the acquisition of Highbury
Financial Inc. (OTCBB: HBRF), Aston’s parent company.
Based in Chicago, Aston 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 $7.6 billion as of March 31, 2010. Led by Chairman and Chief Executive Officer Stuart
Bilton and President Kenneth Anderson, Aston carefully selects investment managers that follow disciplined
investment processes and best-in-class business standards, while seeking to achieve consistent investment
performance. 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.
In the transaction, AMG acquired all the outstanding equity of Highbury, and now owns a substantial majority of
Highbury’s sole operating subsidiary, Aston. Aston’s sub-advisors, management and employees remain unchanged.
About Affiliated Managers Group
AMG is a global asset management company with equity investments in leading boutique investment management
firms (its “Affiliates”). AMG’s innovative partnership approach allows each Affiliate’s management team to own
significant equity in their firm while maintaining operational autonomy. AMG’s strategy is to generate growth through
the internal growth of existing Affiliates, as well as through investments in new Affiliates. In addition, AMG provides
centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and
operations. As of December 31, 2009 (pro forma for a pending