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AMG Completes Investment in Veritas Asset Management

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Affiliated Managers Group, Inc. (NYSE:AMG) , a global asset management company, today announced the completion of its investment in Veritas Asset Management LLP (“Veritas”).

Founded in 2003, Veritas is a leading independent global and Asian equity manager with award-winning investment strategies that seek to deliver long-term real returns through both long-only and long-short mandates across both funds and segregated portfolios. With offices in London and Hong Kong, Veritas serves institutional and retail investors in the United Kingdom and around the world. The firm has generated excellent long-term investment performance through the Veritas Real Return Approach, an investment philosophy focused on protecting and growing the real value of clients’ capital, always analyzing potential investments through fundamental research with a strong value discipline, and on an absolute basis rather than relative to any benchmark or index.

As part of the transaction, Veritas’ senior professionals have agreed to long-term commitments with the firm. The terms of the transaction were not disclosed.

About Affiliated Managers Group

AMG is a global asset management company with equity investments in leading boutique investment management firms. AMG’s innovative partnership approach allows each Affiliate’s management team to own significant equity in their firm while maintaining operational autonomy. AMG’s strategy is to generate growth through the internal growth of existing Affiliates, as well as through investments in new Affiliates. In addition, AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations. As of June 30, 2014, the aggregate assets under management of AMG’s Affiliates were approximately $625 billion, pro forma for the investment in Veritas Asset Management, in more than 400 investment products across a broad range of investment styles, asset classes and distribution channels. For more information, please visit the Company’s website at www.amg.com.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, the ability to close pending investments, the investment performance of our Affiliates and their ability to effectively market their investment strategies, and other risks detailed from time to time in AMG’s filings with the Securities and Exchange Commission. Reference is hereby made to the “Risk Factors” set forth in the Company’s Form 10-K for the year ended December 31, 2013.

AMG routinely posts information that may be significant for investors in the Investor Relations section of its website, and encourages investors to consult that section regularly. For additional information, please visit www.amg.com.

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