Wall Street Grand LLC, Which Provides its Members as well as The Stock Market Community with the Latest Hot Topics, Exclusive Information, Top Stock Picks, and Market Moving News would like to present to its readers the Latest News regarding Affiliated Managers Group, Inc’s. (NYSE:AMG) announcement of their most recent purchase of Pantheon Ventures.… Affiliated Managers Group, Inc, trades on the “New York Stock Exchange” under the Stock Symbol,”AMG”. For the Latest information regarding “AMG”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Affiliated Managers Group Inc. (NYSE:AMG) said on Wednesday that its buying Pantheon Ventures, a London-based private equity investment manager, for about $775 million in cash from Northwestern Mutual Life Insurance Co. Shares of Affiliated Managers Group Inc. surged nearly 9% after the company's announced its fourth purchase of a boutique investment management firm. Pantheon manages about $22 billion for more than 300 clients, including pension funds, endowments, governments and insurers. The firm is a fund-of-funds manager, offering funds in Europe, the U.S. and Asia that invest in other private equity funds, rather than directly investing in companies. Affiliated Managers said it will fund its acquisition of Pantheon through available cash and existing credit agreement.
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