Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped”, a special commemorative book from The Boston Globe. Order now.

Mass. movers

AMG adds another firm, climbs on results

Sean Healey is AMG’s CEO and chairman.

The Boston Globe - The Boston Gl

Sean Healey is AMG’s CEO and chairman.

Affiliated Managers Group Inc. soared on news that it added another boutique money manager to its growing collection. The Prides Crossing firm also reported first-quarter economic net income that rose 11 percent to $137.9 million, or $2.48 per share, beating analyst estimates. Economic net income climbed to $137.9 million, compared to $124.2 million a year ago. AMG said it will acquire a majority stake in Veritas Asset Management LLP, a global equities manager with $17 billion in assets and 32 employees. Veritas is AMG’s fourth acquisition since December.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of