POWERED BY MOMENTUM MEDIA
Affiliated Managers Group finalises investments
Global asset manager Affiliated Managers Group has completed its investment in Yacktman Asset Management (Yacktman) as well as Veritable Investment Consultants (Veritable).
Yacktman, managing approximately $17 billion in funds, specialises in large-caps equities through a value-oriented approach. It seeks to make investments in high quality businesses at low valuations to generate outperformance in the long run.
Morningstar rated the firm's two flagship funds - The Yacktman Fund and the Yacktman Focused Fund - five stars in the Large Value category for the trailing three, five and 10-year periods.
Yacktman also services institutional investors and high net worth clients through separately managed accounts and sub-advisory mandates.
AMG also purchased an equity interest in Veritable - a company servicing high net worth families and managing approximately $11 billion across 200 accounts. The majority equity interest is held by senior executives of the company.
Veritable provides objective and tax-sensitive investment consultation customised to clients' needs.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
