AMG completes investment in River Road Asset Management
Affiliated Managers Group (AMG) has completed the acquisition of River Road Asset Management from Aviva Investors North America.
River Road, which is based in Louisville, Kentucky, offers value-oriented equity strategies using an “absolute value” investment philosophy designed to provide sustainable, low-volatility returns over the long term.
Over the past 16 years, the team at River Road, which includes 17 investment professionals, has developed mutual funds, endowments, foundations, retirement plan sponsors, corporations and sovereign wealth funds located around the world.
As part of the transaction, River Road’s executive team and key investment professionals have agreed to long-term commitments to remain with the firm. River Road will maintain an ongoing relationship with Aviva through a number of sub-advisory mandates.
The terms of the transaction were not disclosed.
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