| Business Summary | | Affiliated
Managers
Group,
Inc.
buys
and
holds
equity
interests
in
mid-sized
investment
management
firms
(Affiliates).
A
key
component
of
the
Company's
transaction
structure
is
its
purchase
of
majority
interests
in
these
firms,
with
certain
exceptions.
This
structure
allows
management
to
retain
a
significant
ownership
interest
in
their
firms,
which
they
may
sell
to
the
Company
in
the
future,
exercise
autonomy
over
the
day-to-day
operations
of
their
firm
and
decide
how
to
spend
a
fixed
portion
of
revenues
on
salaries,
bonuses
and
other
operating
expenses.
In
general,
the
Company's
Affiliates
derive
revenues
by
charging
fees
to
their
clients
that
are
typically
based
on
the
market
value
of
assets
under
management.
In
some
instances,
however,
the
Affiliates
may
derive
revenues
from
fees
based
on
investment
performance.
The
Company
holds
investments
in
15
Affiliates
that,
in
aggregate,
managed
$77.5
billion
in
assets,
as
of
December
31,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Affiliated
Managers
Group
is
an
asset
management
holding
company
which
acquires
majority
equity
interests
in
mid-sized
investment
management
firms.
For
the
six
months
ended
6/30/01,
revenues
decreased
11%
to
$201.1
million.
Net
income
decreased
9%
to
$25
million.
Revenues
suffered
from
decreased
asset-based
fees
reflecting
the
impact
of
a
broad
equity
market
decline.
Earnings
were
partially
offset
by
a
decrease
in
compensation
and
related
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| William Nutt, 55 CEO,
Chairman | $3.4M | Sean Healey, 38 Pres,
COO, Director | 2.5M | Darrell Crate, 33 Sr.
VP, CFO and Treasurer | 1.7M | Nathaniel Dalton, 33 Sr.
VP, Gen. Counsel, and Sec. | 1.7M | Seth Brennan, 29 Sr.
VP | 1.3M | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|