What changed
AMG delivered Economic EPS of $9.50, beating the $8.79 consensus by $0.71 (+8.1%). Revenue came in at $595M, up 12.7% YoY, with net income (controlling interest) of $173M. The quarter was driven by record AUM of $974B and $21B in net client cash flows, including record alternative net inflows of more than $31B.
Why it matters
AMG delivered Economic EPS of $9.50, beating the $8.79 consensus by $0.71 (+8.1%). Revenue came in at $595M, up 12.7% YoY, with net income (controlling interest) of $173M. The quarter was driven by re