Affiliated Managers Group,Inc. (NYSE: AMG), an asset management company, and AQR Capital Management (AQRor the Company), announced today that AMG has acquired an equity interest inAQRs business. AQRs management teamcontinues to hold the remaining equity in the Company, and consistent with AMGspartnership approach, will retain operating autonomy to manage the business.
AMGs Chairman and Chief Executive Officer. The Companys disciplined applicationof AQRs proprietary quantitative asset allocation and stock selection modelshas produced excellent results for its clients. In addition, AQRs management team has generated exceptional growth forthe Company through investment performance and net client cash flows, withcompound annual growth of approximately 57% in assets under management since inceptionin 1998.