GREENWICH, Conn.--(BUSINESS WIRE)--AMG Funds, the U.S. retail distribution arm of global asset management company, Affiliated Managers Group, Inc. (NYSE: AMG), today announced that the mutual funds offered by Aston Asset Management, LLC (“Aston”) will be renamed under the AMG Funds umbrella effective at the start of trading on October 3.
The renaming of 20 Funds completes the successful integration of Aston and AMG Funds that began in early 2016. Investors in this consolidated family of funds will now have a single point of access to the full breadth and depth of AMG Funds’ product offerings, representing one of the largest line-ups of boutique investment managers in the world.
“With the renaming of the Aston mutual funds, we are taking the next step in the planned integration of Aston Asset Management with AMG Funds,” said Jeffrey T. Cerutti, Chief Executive Officer of AMG Funds. “The renaming of Aston Funds may be the most visible change, but more important are the many benefits investors and advisors have already realized as a result of the integration of capabilities across the distribution, governance, compliance, and fund administration areas. We look forward to continuing to provide our investors and advisors with best-in-class service, support, and execution.”
The renaming of the Funds will have no impact on each Fund’s investment objective, investment strategy, portfolio management, or ticker symbol. Moving forward, AMG Funds will serve as the investment adviser and administrator to the Funds. To view the full list of renamed funds, please visit www.amgfunds.com.
About AMG and AMG Funds
AMG is a global asset management company with equity investments in leading boutique investment management firms. Through AMG’s innovative partnership approach, each Affiliate’s management team retains ownership of significant equity in their firm while maintaining operational and investment autonomy. AMG Funds LLC is the U.S. retail distribution arm of AMG. AMG Funds provides access to premier boutique asset managers through a unique partnership wherein the investment managers remain truly independent. AMG Funds is not beholden to a single investment approach or a single manager in delivering quality investment solutions. This innovative approach leverages the independent manager’s specific expertise to deliver products that cover the complete asset class spectrum. AMG Funds offers unmatched access to specialized investment expertise by delivering the talents of independent management teams under a consolidated platform.