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.
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