History
In 1993, AMG was founded by William Nutt.[11]
In 1997, AMG invested in Tweedy, Browne[12] and completed its initial public offering, listing on the New York Stock Exchange.
In 2004, AMG established a U.S. retail platform which would enable its Affiliates to manufacture, market, and distribute products to the U.S. wealth marketplace.[13] AMG also made a minority investment in AQR, a quantitative investment manager and hedge fund firm, its first investment in an alternative investment firm, and its first minority investment.[14][15]
In 2005, Sean M. Healey was named chief executive officer.[16]
In 2007, AMG opened its first non-U.S. institutional distribution office in Sydney, Australia,[17] to provide sales and marketing services to institutional clients in Australia and New Zealand. Today, AMG operates distribution capabilities serving the Asia, Australia, Europe / U.K., and Middle East marketplaces.[18]
In 2009, AMG announced investments in Harding Loevner and Gannett Welsh & Kotler.[19]
In 2010, AMG acquired a majority stake in Pantheon Ventures.[20] The private equity company was AMG's largest investment to date. AMG also invested in Artemis Investment Management.[21]
In 2016, AMG made an investment in leading technology-driven liquid alternative firm Systematica Investments.[22]
In 2018, after being diagnosed with ALS, Sean Healey stepped down from his position as chief executive officer. He died in May 2020.[16] Nathaniel Dalton, previously president and chief operating officer, succeeded him.[23]
In 2019, Jay Horgen succeeded Dalton as president and chief executive officer.[24] Horgen joined AMG in 2007 and previously served as chief financial officer, as well as executive vice president, focusing on investments in new AMG Affiliates.[25]
In 2021, AMG invested in four companies, including Parnassus Investments, the largest ESG-dedicated fund manager in the U.S.[26]
In 2022, AMG increased its investment in Systematica Investments, a quantitative and systematic investment firm.[27]
Other Information
AMG is known for its research,[28][29][30] on independent firms’ advantages in consistently generating excess returns.[31]
The company is also known for its commitment to corporate citizenship and community engagement.[32] AMG was a founding donor to the Sean M. Healey and AMG Center for ALS at Massachusetts General Hospital,[33] and continues to support the Center with fundraising and charitable events.
