The AMG Company is an asset management firm that owns a controlling stake in over 30 mid-size investment management firms. Its operating philosophy is to maintain an ownership position of 50 to 70 percent in its affiliates. Listed below are some of the key facts about the company and the information security program that it employs. The following is a brief history of the company. Listed below are some key facts about AMG. To learn more, please read the article below.
AMG is an asset management company with a controlling interest in more than 30 mid-sized investment management firms
AMG is a global asset management company that has invested in leading boutique investment management firms, giving management teams the opportunity to own a majority stake in their companies while retaining significant control. It generates growth by investing in new affiliates and through internal growth of its current Affiliates. AMG Affiliates offer investors over four hundred investment products and a diverse range of return-oriented strategies.
In June 2004, AMG acquired Genesis Asset Managers, an investment management firm with offices in emerging markets such as Kenya and Chile. The firm also added AQR Capital Management, L.L.C., a Greenwich, Connecticut-based asset management firm. And in February 2006, AMG acquired a controlling interest in Burridge Group L.L.C., a $3.7 billion firm.
AMG purchased SouthernSun Asset Management Company, LLC, a New York-based investment manager, and the senior management team agreed to long-term commitments with the new owner. AMG will also purchase the entire ownership interest of outside investors in SouthernSun. The terms of the deal were not disclosed. It is unknown whether AMG will continue to operate the firm independently after the closing.
AMG’s operating philosophy is to take an ownership position in affiliates between 50 percent and 70 percent
AMG is an asset management company. It controls over 30 mid-sized investment management firms, which together manage over $175 billion of assets and offer 275 investment products. It takes an ownership position of 50 percent to 70 percent in these affiliates to retain the individual cultures of those firms, while leveraging economies of scale. AMG’s operating philosophy is to take an ownership position of 50 percent to 70 percent in affiliates it acquires.
TA provided seed funding for the business, and Nutt raised $23 million in private equity. He also arranged to increase AMG’s line of credit from $50 million to $125 million. Once he had the funds in place, Nutt went back into acquisition mode. AMG invested $20 million in 1997 in Gofen & Glossberg, L.L.C., which had a $3.8 billion valuation.
AMG expanded its investment portfolio by buying a 30 percent stake in Paradigm Asset Management Company, L.L.C. in New York. The deal closed after the new year, and AMG now manages more than $6 billion through 13 affiliates. Earlier, AMG concentrated its investments in smaller companies like Mercer, and S&P.
AMG’s information security program
A burglary involving the theft of computers at AMG’s facilities has led to the company’s heightened data security program. AMG’s information security program is backed by a physical security presence at the site, which is monitored 24 hours a day. Moreover, all employees have been reminded of the importance of information security in the organization. These efforts have led to a strong information security culture at AMG.
AMG’s formal information security program is intended to protect its clients’ information and assets. It also protects sensitive third-party information and GDPR Personal Data. It aims to protect against expected and actual threats and to minimize the risk of financial loss, identity theft, fraud, and reputational damage. The program is supported by contractual obligations. To understand how the security program works, read the privacy notice or contact the data security team.
Mercedes-AMG Petronas Motorsport is another example. The team deals with a lot of data, as the average Grand Prix weekend generates 500 GB of data. In addition, the factory produces five to 10 terabytes of data each week. AMG’s information security program is built on a complicated network of geographically distributed facilities and workforce. Cyber attacks can be devastating. To combat cyber attacks, AMG uses CrowdStrike Falcon. The platform claims to provide critical threat protection across thousands of endpoints through a native cloud architecture.