Affiliated Managers Group, a diversified asset management company, has acquired 5% stake in Value Partners Group 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.
Sean Healey, president and chief executive officer of AMG, said: “Our investment in Value Partners marks our entry into the Greater China region,we have identified a number of synergies in product development and distribution, and will work together to develop strategic initiatives that enhance our respective businesses.”
Mr Hye said: “We are impressed by AMG’s partnership approach, as well as their expertise in product distribution and development on a global scale,we see a broad range of exciting opportunities to leverage both our core competencies and complementary product offerings on a number of joint initiatives.”
