Affiliated Managers (AMG) to Buy Minority Stake in Boston Common
With an aim to further enhance participation in environmental, social, and governance (“ESG”) investing, Affiliated Managers Group, Inc. AMG has agreed to buy a minority equity interest in Boston Common Asset Management, LLC. Boston Common is an independent, partner-owned global equity manager that focuses on integrated ESG impact investing. The terms of the deal have not been disclosed yet.
Following the announcement of the deal, shares of Affiliated Managers lost 1.3%.