Affiliated Managers Hits a New 52-Week High: What's Driving AMG Stock?

Key Takeaways AMG shares surged to a 52-week high backed by higher AUM and a shift toward alternative strategies.Affiliated Managers saw $17B in net inflows YTD as it pivoted toward alternative investments.New partnerships could add $24B to AUM, with alternatives now driving 55% of AMG's earnings.Shares of Affiliated Managers Group (AMG) touched a new 52-week high of $276.24 during yesterday’s trading session, before closing at $266.16. The stock has been hitting new highs since the announcement of the thir ...