Affiliated Managers Group, Inc. (AMG) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. And thank you for joining us today to discuss AMG's results for the first quarter of 2025. Before we begin, I'd like to remind you that during this call, we may make a number of forward-looking statements which could differ from our actual results materially. And AMG assumes no obligation to update these statements. Also, please note that nothing on this call constitutes an offer of any products, investment vehicles, or services of any AMG affiliate. A replay of today's call will be available on the Investor Relations section of our website along with a copy of our earnings release and a reconciliation of any non-GAAP financial measures, including any earnings guidance announced on this call. In addition, we have posted an updated investor presentation to our website and encourage investors to consult our site regularly for updated information. With us today to discuss the company's results for the quarter are Jay Horgan, President and Chief Executive Officer, Tom Wojcik, Chief Operating Officer, and Deva Ritchie, Chief Financial Officer. With that, I'll turn the call over to Jay. Thanks, Patricia, and good afternoon everyone. Our first quarter results reflect the positive impact of our strategic capital allocation to areas of secular growth over the past several years. Through our growth investments in new and existing affiliates, particularly those operating in private markets and liquid alternatives, We are continuing to evolve our business towards a substantially greater contribution from higher fee and longer duration client assets. In the quarter, led by significant momentum at two of our largest affiliates, AQR and Pantheon, we generated a record $14 billion in net client cash inflows into alternative strategies, which largely offset outflows f...