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Adjusted Q4 EBITDA increased 27% year-over-year, driven by growth in both management and performance fee EBITDA contribution
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Repurchased 10% of shares outstanding across the full year 2020, including $226 million in shares during Q4
WEST PALM BEACH, Fla., Feb. 08, 2021 (GLOBE NEWSWIRE) Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the fourth quarter and full year 2020.
Jay C. Horgen, President and Chief Executive Officer of AMG, said: “AMG reported Adjusted EBITDA of $255 million in the fourth quarter; the year-over-year growth of 27% reflects strong investment performance from our Affiliates across a broad array of alpha-oriented strategies, along with the positive impact of strategic investments and actions to reposition the business for growth. Business momentum and net client cash flows were particularly strong in private markets, wealth management, and specialty fixed income during the q
After Capitol Riot, Elected Officials Under Pressure Back Home
At least 19 state and local elected officeholders from across the country attended the Jan. 6 rally and, in some cases, stormed the Capitol.
Former President Donald J. Trump spoke at a rally in front of the White House on Jan. 6.Credit.Pete Marovich for The New York Times
Published Jan. 31, 2021Updated Feb. 5, 2021
WASHINGTON In a video posted on Facebook, Couy Griffin, the founder of a group called Cowboys for Trump, bragged that he had a “first row seat” to the riot at the Capitol on Jan. 6 and considered returning for another rally in which he imagined “blood running out of that building,” the F.B.I. said. Later, he told the F.B.I. that he hoped the next demonstration would be nonviolent but there was “no option that’s off the table for the sake of freedom.”
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Conference Call Scheduled for 8:30 a.m. Eastern Time
WEST PALM BEACH, Fla., Jan. 28, 2021 (GLOBE NEWSWIRE) Affiliated Managers Group, Inc. (NYSE:AMG) will report financial and operating results for the fourth quarter and full year ended December 31, 2020 on Monday, February 8, 2021. A conference call will be held at 8:30 a.m. Eastern time on the same day.
In addition to quarterly results, the conference call may include discussion of management s expectations of future financial and operating results. Jay C. Horgen, President and Chief Executive Officer, and Thomas M. Wojcik, Chief Financial Officer, will host the session.
Parties interested in listening to the conference call should dial 1-877-407-8291 (U.S. calls) or 1-201-689-8345 (non-U.S. calls) shortly before the call begins.
Natick Town Meeting member Suzanne Ianni wraps herself in the group called Super Happy Fun America s so-called Straight Pride flag as she and other supporters of President Trump wait for him to address them during a rally in Washington, D.C. on Jan. 6. (Joseph Prezioso/AFP via Getty Images)
Two Massachusetts residents were arrested by FBI agents Tuesday and charged in connection with the riot at the U.S. Capitol earlier this month.
Suzanne Ianni, 59, of Natick, and Mark Sahady, 46, of Malden, were both charged with disorderly conduct and knowingly entering or remaining in a restricted building or grounds without lawful authority, federal authorities said. Both appeared in Boston federal court Tuesday afternoon.
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Protesters gather at the door of the U.S. Capitol Building on Jan. 6. Pro-Trump rioters entered the U.S. Capitol building after mass demonstrations in the nation s capital during a joint session Congress to ratify President-elect Joe Biden s 306-232 Elect (Photo by Tasos Katopodis/Getty Images)
NATICK, MA The Natick Select Board on Wednesday sharply condemned the Jan. 6 U.S. Capitol riot, but also made it clear that no town official has the power depose an elected Natick Town Meeting member photographed inside the Capitol during the riot.
The Select Board passed two separate statements on the Capitol riot at its Wednesday meeting: one covering the public health implications of residents who participated in the Jan. 6 events, and a second criticizing the event and the deaths that occurred.