Affiliated Managers Group reported a fourth-quarter profit of $24.6 million, or 55 cents per share, reversing a loss of $83.7 million, or $2.12 a share, a year ago.

Revenue rose 9.5% to $244.7, up from $223.4 million. For the full year, AMG’s net income was $59.5 million, or $1.38 per share, on revenue of $841.8 million. In 2008, the company lost $1.3 million, or 3 cents a share, on revenue of $1.16 billion.

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