Affiliated Managers Group has signed a deal to incorporate Fremont Investment Advisors, which manages approximately $3 billion of assets, into its Managers Funds platform. AMG did not disclose the terms of the deal, which is expected to close this year.

The Managers Funds, an advisor to 27 mutual funds with $5 billion of assets under management, is divided into two groups: a diversified no-load family dubbed Managers Funds and the AMG Funds, which are managed by AMG Affiliates. Both funds tap outside investment managers and are distributed directly to institutional investors and through intermediaries, including investment advisors, bank trust departments and retirement plans sponsors.

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