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AMG Enters Chinese Market


By Editorial Staff

November 9, 2009

Affiliated Managers Group has acquired a 5% stake in Value Partners Group of Hong Kong, marking AMG’s first foray into China.

AMG purchased the stake from senior partners of the firm for $36 million, or 45 cents a share.

The two companies plan to jointly develop and distribute funds and open a sales and marketing office in Hong Kong next year.


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