Loading...
•
Jun 30, 2020
AMG Q2 2020 Earnings Report
AMG reported EPS of $0.65 and Economic EPS of $2.74. Net client cash flows were impacted by performance headwinds in quantitative strategies but offset by organic growth across private markets, wealth management, and fixed income strategies.
Key Takeaways
Affiliated Managers Group (AMG) reported its financial results for Q2 2020. The company reported Economic earnings per share of $2.74. Net client cash flows were affected by performance headwinds in quantitative strategies, offsetting organic growth in other areas. AMG continues to position its business for growth and create shareholder value.
AMG reported Economic earnings per share of $2.74 for the second quarter.
Net client cash flows were driven by ongoing performance headwinds concentrated in certain quantitative strategies.
Company repurchased $50 million in common stock.
AMG's aggregate assets under management were approximately $638 billion as of June 30, 2020.
AMG
AMG
Forward Guidance
While considerable market volatility persists, we continue to actively position our business for growth; through the disciplined execution of our strategy, along with the quality and diversity of our Affiliates, we are confident in our ability to create meaningful shareholder value over time.