MGRD - Affiliated Managers Group Inc. (AMG) Q4 2023 Earnings Call Transcript

2024-02-05 11:48:02 ET

Affiliated Managers Group, Inc. (AMG)

Q4 2023 Earnings Conference Call

February 06, 2024, 08:30 AM ET

Company Participants

Patricia Figueroa - IR

Jay Horgen - President and CEO

Thomas Wojcik - CFO

Conference Call Participants

Bill Katz - TD Cowen

Alex Blostein - Goldman Sachs

Craig Siegenthaler - Bank of America

Dan Fannon - Jefferies

Brian Bedell - Deutsche Bank

Patrick Davitt - Autonomous Research

Presentation

Operator

Greetings and welcome to the AMG Fourth Quarter 2023 Earnings Call. [Operator Instructions]

I would now like to turn the conference over to your host, Ms. Patricia Figueroa, Head of Investor Relations for AMG. Thank you. You may begin.

Patricia Figueroa

Good morning and thank you for joining us today to discuss AMG's results for the fourth quarter and full year 2023. 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. 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, this morning, we 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 Horgen, President and Chief Executive Officer; and Tom Wojcik, Chief Financial Officer.

With that, I'll turn the call over to Jay.

Jay Horgen

Thanks, Patricia, and good morning, everyone.

AMG's full year results reflect a positive impact of our strategy and our capital allocation discipline, across both growth investments and share repurchases. In 2023, we further diversified our business by investing in secular growth areas, welcoming two new Affiliates operating in distinct fast-growing areas of private markets, Forbion and Ara Partners....

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