Wednesday, April 25, 2007

UPDATE 1-AMG profit up 4 pct, beats expectations

(Reuters) - AMG, which owns stakes in more than two dozen investment managers including value equities firm Third Avenue Management and quantitative manager AQR Capital Management, said performance was "excellent" in alternative investments products and international equities, both of which were poised for stronger growth.

Net income rose to $36.6 million, or 93 cents per diluted share, from $35.2 million, or 81 cents per diluted share in the year-ago quarter.


Read more at Reuters.com Market News

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