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AMG earnings call for the period ending September 30, 2021.

Affiliated Managers Group and Parnassus Investments — the largest U.S. asset manager focused purely on environmental, social, and governance — have been talking about a potential deal for 10 years. This month the two reached an agreement. AMG has taken a majority stake in Parnassus, which has $47 billion in assets and is one of the longest running U.S. firms in ESG. The active manager was founded in San Francisco in 1984. More than 95 percent of its mutual fund assets are in strategies with a Morningstar Rating of 4 or 5 stars. Once the deal closes, Parnassus will remain independent and e...

Operator Greetings and welcome to the AMG first-quarter 2021 earnings call. [Operator instructions] I'd now like to turn the conference over to your host, Anjali Aggarwal, head of investor relations for AMG. Thank you. You may begin. Anjali Aggarwal -- Head of Investor Relations Good morning and thank you for joining us today to discuss AMG's results for the first quarter of 2021. Before we begin, I'd like to remind you that during this call, we may make a number of forward-looking statements, which could differ from our actual results materially, and AMG assumes no obligation to update thes...

Lucy Nicholson/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Quant giant AQR has lost more than a third of it assets since the end of 2017. A report prepared by Callan states the firm's AUM dropped from $224 billion to $140 billion. Since last summer though, the firm has seen banner performances from several funds. Quants had a tough 2020, but Cliff Asness' AQR has been struggling longer than that owing to a long drought for its value-focused strategies. But a perso...

Is Affiliated Managers Group (AMG) a Smart Long-term Buy? Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 7.21% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 8.93% in the same quarter. You should check out Longleaf Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021. In the Q3 2020 Investor Letter, Longleaf Partners’ highlighted a few stocks and Affiliated Ma...