MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 6, 2016 Healey Shells Out $800MM to Buy Into Five More Alts Shops Sean Healey is preparing to shell out $800 million for stakes in five more alternative asset managers.
The Financial Times, Reuters, and the Wall Street Journal all reported on the news. About half of the deal is expected to close in Q3, and the other half is expected to close by the end of the year. AMG has not revealed the size of the minority stakes it will take in the five target shops. London-based CapeView offers a credit and distressed fund and a long/short equity fund, both Europe-focused. The shop launched in 2001 and now has about $1.7 billion in AUM and 27 employees. London-based Capula is a global fixed income shop. The shop dates back to 2005 and has about $12.7 billion in AUM. Newtown, Pennsylvania-based Mount Lucas launched in 1986 and now has more than 20 employees and about $1.7 billion in AUM. It offers futures, equity, and global macro strategies. San Francisco-based Partner launched in 2004 and now has 69 employees and about $4.3 billion in AUM. Its a global equity investing shop. London-based Winton started in 1997 and now has more than 400 employees and about $34.5 billion in AUM. AMG describes Winton as "a global investment manager that utilizes scientific methods to develop investment systems across a broad range of products from diversified multi-asset offerings to regional long-only equities." The deal would push AMG's AUM to nearly $700 billion. Printed from: MFWire.com/story.asp?s=54158 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |
