AMG and Leda Braga Increase Investment in Systematica
18 Januar 2022 - 02:00PM
Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to
independent investment management firms globally, and Systematica
Investments (“Systematica”), an innovative technology-driven firm
focused on a quantitative and systematic approach to investing,
today announced that AMG and Leda Braga, Founder and Chief
Executive Officer of Systematica, have jointly acquired the
remaining minority equity interest in Systematica previously owned
by a third-party investor.
Following the transaction, which completes the full transition
of equity ownership planned since Systematica’s spin-out as an
independent firm in 2015, Ms. Braga holds an increased majority
ownership position, and AMG holds a substantial minority interest
in the firm. Systematica is among the largest woman-owned and -led
alternative firms in the asset management industry.
Systematica is focused on employing science and technology in
the investment process to achieve an innovative, superior, and
sustainable approach to investment management. Recognized as one of
the leading systematic managers in the world, Systematica offers a
number of distinctive quantitative investing strategies across a
broad array of markets, including the recently launched Systematica
China Markets strategy, and the firm’s award-winning strategies
have generated excellent investment performance and client outcomes
over the long term. As of December 31, 2021, Systematica managed
approximately $13 billion in assets; the firm’s assets under
management have grown approximately 50% and meaningfully
diversified across a number of new strategies since AMG’s initial
investment.
“We are very pleased to further enhance our partnership with
Systematica, one of the leading independent technology-driven
investment managers globally,” said Jay C. Horgen, President and
Chief Executive Officer of AMG. “Leda and the Systematica
management team have been terrific partners over the years, and
have built a renowned investment firm that has only extended its
long-term track record of generating strong, differentiated returns
for clients. Our increased investment reflects our confidence in
Leda’s leadership and in the firm’s forward prospects.”
“Seven years ago we embarked on a journey as an independent
firm, and today, in partnership with AMG, we are completing the
full transition of equity ownership in line with our strategic
plan,” said Ms. Braga. “AMG has been an excellent partner to us –
particularly through a period of strategic development that has
driven significant growth for our firm. We are well-positioned to
build on our strong business momentum, and we look forward to
continuing our enhanced partnership with AMG over the long
term.”
While the terms of the transaction were not disclosed, AMG
expects that its additional investment will contribute
approximately $18 million in incremental Adjusted EBITDA in 2022,
including estimated performance fees.
About AMGAMG is a leading partner to
independent active investment management firms globally. AMG’s
strategy is to generate long-term value by investing in a diverse
array of high-quality independent partner-owned firms, through a
proven partnership approach, and allocating resources across AMG’s
unique opportunity set to the areas of highest growth and return.
AMG’s innovative partnership approach enables each Affiliate’s
management team to own significant equity in their firm while
maintaining operational and investment autonomy. In addition, AMG
offers its Affiliates growth capital, global distribution, and
other strategic value-added capabilities, which enhance the
long-term growth of these independent businesses, and enable them
to align equity incentives across generations of principals to
build enduring franchises. As of September 30, 2021, AMG’s
aggregate assets under management were approximately $748 billion
across a broad range of return-oriented strategies. For more
information, please visit the Company’s website at www.amg.com.
About Systematica InvestmentsSystematica
Investments launched as an independent business in January 2015
with a track record dating back to 2004. Systematica is an
innovative technology-driven firm focused on a quantitative and
systematic approach to investing. The firm was founded by Leda
Braga and has an investment philosophy based upon a disciplined
research process, technological innovation, and operational
excellence. Systematica Investments has a global presence with
offices in Jersey, Geneva, London, New York, Singapore, and
Shanghai. More information is available at www.systematica.com.
Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal
securities laws, and could be impacted by a number of factors,
including those described under the section entitled “Risk Factors”
in AMG’s most recent Annual Report on Form 10-K, as such factors
may be updated from time to time in the Company’s periodic filings
with the SEC, which are accessible on the SEC's website at
www.sec.gov. AMG undertakes no obligation to publicly update or
review any forward-looking statements, whether as a result of new
information, future developments or otherwise, except as required
by applicable law. From time to time, AMG may use its website as a
distribution channel of material Company information. AMG routinely
posts financial and other important information regarding the
Company in the Investor Relations section of its website at
www.amg.com and encourages investors to consult that section
regularly.
AMG Investor Relations:Anjali Aggarwal
AMG Media Relations:Ann Imes
(617) 747-3300ir@amg.compr@amg.com
Systematica Media Relations:Gay Collins+44 (0)7798
626282gaycollins@montfort.london
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