Affiliated Managers Group last week announced it will create a new subsidiary to create, distribute and service separately managed accounts and mutual funds. To be called Managers Investment Group, the new unit amounts to a minor sea change in AMG's business tactics, which mainly focus on bringing distribution muscle to boutique investment firms in exchange for a stake in their operations. AMG intends for Managers Investment Group to act as a servicing hub for at least 75 mutual funds and separately managed accounts now sold through banks, brokerage firms and independent distributors. The soon-to-be launched platform will utilize the operational and distribution expertise of the company's fund family (Managers Funds), institutional investment subsidiary (Portfolio Services Group) and back-office unit (Advantage Outsourcing Solutions) and partner with the marketing division of Rorer Asset Management.

NASD Hits Nat'l Securities With Market-Timing Suit

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