Monday, Affiliated Managers Group Inc. (AMG) said it has acquired a 5% stake in Value Partners Group Limited from a group of senior management owners, including its Chairman and Chief Investment Officer Cheah Cheng Hye, who is also a co-founder of the firm.
In connection with the investment, AMG and Value Partners have agreed to work together on joint product development and strategic distribution opportunities, which extends AMG's global presence into the Asian marketplace.
"Our investment in Value Partners marks our entry into the Greater China region, and we are very pleased to partner with one of the largest and most respected independent boutique asset management firms. With an outstanding reputation for delivering superior returns for its clients, Value Partners has generated impressive growth since its inception through a disciplined, deep value investment strategy, as well as key business decisions that have expanded the breadth and scale of its product offerings," said Sean Healey, AMG's President and Chief Executive Officer.
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