Affiliated Managers Group closes River Road purchase

Based in Louisville, River Road Asset Management value-oriented equity strategies to a broad and diverse institutional and retail client base, including mutual funds, endowments, foundations, retirement plan sponsors, corporations and sovereign wealth funds worldwide.

River Road's executive team and key investment professionals have agreed to long-term commitments to remain with AMG and maintain an ongoing relationship with seller Aviva through a number of sub-advisory mandates.

Terms of the deal are undisclosed.

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