Affiliated Managers Group ((AMG)) has held its Q3 earnings call. Read on for the main highlights of the call.
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AMG’s recent earnings call painted a picture of robust growth and strategic advancement, with a particular emphasis on the company’s success in alternative strategies and strategic collaborations. Despite facing challenges in active equities, the overall sentiment was buoyed by strong performance in alternatives and strategic investments, signaling a positive outlook for the company.
Significant Increase in EBITDA and Economic Earnings
AMG reported a remarkable 17% year-over-year increase in EBITDA and a 27% growth in economic earnings per share for the third quarter of 2025. This substantial financial performance underscores the company’s effective management and strategic direction.
Record Net Inflows in Alternatives
The company achieved an impressive $9 billion in firm-wide net inflows during Q3, contributing to a year-to-date total of $17 billion. This represents a 3% annualized organic growth rate, highlighting AMG’s strong position in the alternatives market.
Growth in Alternative Assets Under Management
AMG expanded its alternative assets under management by approximately $76 billion, marking a nearly 30% increase in total alternative AUM. This growth is a testament to the company’s strategic focus on alternative investments.
Successful Strategic Collaborations
AMG announced a strategic collaboration with Brown Brothers Harriman aimed at developing innovative products for the U.S. wealth channel. This partnership is expected to enhance AMG’s product offerings and market reach.
Positive Impact of New Investments and Capital Allocation
In 2025, AMG committed over $1 billion across five new growth investments and repurchased $350 million in shares year-to-date. These strategic investments and capital allocations are poised to drive future growth.
Strong Liquid Alternatives Inflows
The company achieved $14 billion in net inflows in liquid alternatives, marking the strongest quarterly net flows in this segment in its history. This achievement highlights AMG’s strength in the liquid alternatives market.
Outflows in Active Equities
Despite the positive trends, AMG faced $9 billion in outflows in active equities during the quarter, indicating ongoing challenges in this segment. Addressing these challenges remains a priority for the company.
Forward-Looking Guidance
During the earnings call, AMG provided optimistic guidance for its future performance, driven by significant achievements in organic growth and strategic investments. The company anticipates a meaningful increase in full-year economic earnings per share in 2026, supported by a robust investment pipeline and strategic collaborations. AMG’s confidence in enhancing long-term earnings growth is evident in its forward-looking statements.
In conclusion, AMG’s earnings call highlighted a period of significant growth and strategic advancement, particularly in alternative strategies and collaborations. While challenges in active equities persist, the company’s strong performance in alternatives and strategic investments paints a promising picture for the future.