Yacktman Asset Management and AMG Donate $300,000 to Assist Hurricane Harvey Recovery and Relief Efforts
AUSTIN, Texas, and WEST PALM BEACH, Fla., Sept. 13, 2017 /PRNewswire/ -- Yacktman Asset Management ("Yacktman") and Affiliated Managers Group, Inc. (NYSE: AMG) ("AMG") today announced a $300,000 donation from Yacktman and The AMG Foundation to American Red Cross Disaster Relief and the Austin Disaster Relief Network to support relief and recovery efforts in the wake of Hurricane Harvey. The contribution will help provide vital resources to hurricane victims across Texas and other impacted communities.
"We send our thoughts and prayers to everyone impacted by the devastation of Hurricane Harvey," said Stephen Yacktman, Chief Investment Officer of Yacktman Asset Management. "Our roots have been planted in Texas since 2005, and we are committed to supporting the relief and rebuilding efforts in this region we call home."
"We join our Affiliate partner, Yacktman Asset Management, in supporting those impacted as they recover from the effects and aftermath of Harvey," said Sean M. Healey, Chairman and Chief Executive Officer of AMG.
About Yacktman Asset Management
Yacktman Asset Management LP serves as subadviser to The AMG Yacktman Fund. The AMG Yacktman Focused Fund, and The AMG Yacktman Special Opportunities Fund, as well as separate accounts for taxable and tax-exempt organizations. The firm follows a disciplined investment strategy of buying growth businesses with shareholder-oriented management at what it believes to be low prices, delivering consistent long-term, risk-adjusted results to value-oriented investors since 1992. For more information, please visit Yacktman's website at www.yacktman.com.
About AMG
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 shareholder value through the growth of existing Affiliates, as well as through investments in new Affiliates and additional investments in existing Affiliates. In addition, AMG provides centralized assistance to its Affiliates in strategic matters, marketing, distribution, product development and operations. As of June 30, 2017, AMG's aggregate assets under management were approximately $772 billion in more than 550 investment products across a broad range of active, return-oriented strategies. For more information, please visit the Company's website at www.amg.com.
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SOURCE Yacktman Asset Management
