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Mar 31, 2022
AMG Q1 2022 Earnings Report
AMG reported EPS of $3.44 and Economic EPS of $4.65. The company saw a strategic combination of Affiliate BPEA with EQT and closed an additional investment in Systematica Investments.
Key Takeaways
AMG reported strong results in Q1 2022, with a 9% growth in Economic Earnings per Share. The company's net client cash flows reflected strength in alternative and ESG strategies, and excluding certain quantitative strategies, were positive for the quarter. A strategic combination of BPEA with EQT was announced, and an additional investment was made in Systematica Investments.
Economic Earnings per Share grew by 9% year-over-year, driven by new investments, strong Affiliate performance, and share repurchases.
Net client cash flows reflected ongoing strength in alternative and ESG strategies.
AMG will receive cash and stock valued at approximately $1 billion from the strategic combination of BPEA with EQT.
An additional investment was made in Systematica Investments, a leading liquid alternatives firm.
AMG
AMG
Forward Guidance
AMG is confident in its ability to generate additional shareholder value through the disciplined execution of its strategy, including investments in new and existing Affiliates, as well as its value-added strategic capabilities.
Positive Outlook
- The current environment presents unique opportunities for continued growth given the diversity of AMG's business.
- The quality of AMG's Affiliates.
- AMG's strong and flexible capital position.
- AMG's partnership approach continues to resonate strongly with the highest-quality partner-owned investment firms.
- AMG is confident in its ability to generate additional shareholder value over time.
Challenges Ahead
- Changes in the securities or financial markets or in general economic conditions.
- Pandemics and related changes in the global economy, capital markets and the asset management industry.
- The availability of equity and debt financing.
- Competition for acquisitions of interests in investment management firms.
- Uncertainties relating to closing of pending investments or transactions and potential changes in the anticipated benefits thereof.