AUSTIN, Texas, and WEST PALM BEACH, Fla., Sept. 13, 2017 /PRNewswire/ -- Yacktman
Asset Management ("Yacktman") and Affiliated Managers Group, Inc.
(NYSE: AMG) ("AMG") today announced a $300,000 donation from Yacktman and The AMG
Foundation to American Red Cross Disaster Relief and the Austin
Disaster Relief Network to support relief and recovery efforts in
the wake of Hurricane Harvey. The contribution will help provide
vital resources to hurricane victims across Texas and other impacted communities.
"We send our thoughts and prayers to everyone impacted by the
devastation of Hurricane Harvey," said Stephen Yacktman, Chief Investment Officer of
Yacktman Asset Management. "Our roots have been planted in
Texas since 2005, and we are
committed to supporting the relief and rebuilding efforts in this
region we call home."
"We join our Affiliate partner, Yacktman Asset Management, in
supporting those impacted as they recover from the effects and
aftermath of Harvey," said Sean M.
Healey, Chairman and Chief Executive Officer of AMG.
About Yacktman Asset Management
Yacktman Asset Management LP serves as subadviser to The AMG
Yacktman Fund. The AMG Yacktman Focused Fund, and The AMG Yacktman
Special Opportunities Fund, as well as separate accounts for
taxable and tax-exempt organizations. The firm follows a
disciplined investment strategy of buying growth businesses with
shareholder-oriented management at what it believes to be low
prices, delivering consistent long-term, risk-adjusted results to
value-oriented investors since 1992. For more information, please
visit Yacktman's website at www.yacktman.com.
About AMG
AMG is a global asset management company with equity investments
in leading boutique investment management firms. AMG's innovative
partnership approach allows each Affiliate's management team to own
significant equity in their firm while maintaining operational
autonomy. AMG's strategy is to generate shareholder value through
the growth of existing Affiliates, as well as through investments
in new Affiliates and additional investments in existing
Affiliates. In addition, AMG provides centralized assistance to its
Affiliates in strategic matters, marketing, distribution, product
development and operations. As of June 30,
2017, AMG's aggregate assets under management were
approximately $772 billion in more
than 550 investment products across a broad range of active,
return-oriented strategies. For more information, please visit the
Company's website at www.amg.com.
Media Relations:
Jonathan Morgan
+1 (214) 965-9955
jmorgan@perryst.com
Alexandra Lynn
+1 (617) 747-3300
pr@amg.com
SOURCE Yacktman Asset Management