AMG closes Veritas deal
Global asset management group, New York Stock Exchange-listed Affiliated Managers Group has this week completed its investment in independent global and Asian equity manager, Veritas Asset Management.
Announcing completion of the transaction, AMG said that as part of the deal, Veritas’ senior professionals had agreed to long-term commitments with the firm.
With offices in London and Hong Kong, Veritas serves institutional and retail investors in the United Kingdom and around the world.
AMG described Veritas as having generated excellent long-term investment performance through the Veritas Real Return Approach - an investment philosophy focused on protecting and growing the real value of clients’ capital, always analyzing potential investments through fundamental research with a strong value discipline, and on an absolute basis rather than relative to any benchmark or index.
Recommended for you
ASIC has launched legal action in the Federal Court against SQM Research and Interprac Financial Planning, citing alleged failures related to the Shield and First Guardian fund collapses.
While interest in private markets continues to grow, a panel of industry professionals have argued that data and reporting challenges in this sector are limiting accessibility for financial advisers.
Evidentia Group, a wholly owned subsidiary of Generation Development Group, has entered into a binding agreement to acquire consulting firm Encore Advisory Group.
MST Financial has announced the completion of its acquisition and integration of FIIG Asset Management from AUSIEX, bolstering its leadership team in the process.
