AMG Announces Investment in Verition Fund Management
Summary
As of April 1, 2025, the firm manages approximately $12.6 billion in assets.Verition is a premier multi-manager with an outstanding track record across nearly two decades, said Jay C. Horgen, President and Chief Executive Officer of AMG. With its focus on uncorrelated strategies, disciplined approach, strong risk framework, and proven ability to consistently deliver excellent results for clients, Verition is positioned as a leader in the growing multi-strategy space. In selecting an institutional partner, Josh and I were drawn to AMGs track record, long-term orientation, and unique approach that preserves our independence and investment philosophy. This partnership supports the continued expansion of our platform, broadens our global reach, and strengthens our ability to execute on long-term strategic priorities all with the goal of delivering lasting value to our investors.The terms of the transaction were not disclosed. As of December 31, 2024, AMGs aggregate assets under management were approximately $708 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies.