Affiliated Managers Buys Into ValueAct

Affiliated Managers Group Inc. (NYSE: AMG), a Boston-based asset management company, has acquired an undisclosed equity interest in ValueAct Capital's business. AMG has purchased the entire ownership interest of an outside investor in The San Francisco-based alternative-investment shop. ValueAct's management team continues to hold a majority stake in the company and will retain operating autonomy to manage the business. www.amg.com