Veritas is an independent global and Asian equity manager with investment strategies that seek to deliver long-term returns through both long-only and long-short mandates both across funds and segregated portfolios.
The company serves both institutional and retail investors in the United Kingdom and around the world.
As part of the transaction, Vertitas’ senior professionals have agreed to long-term commitments with the firm.
Veritas said it will continue to have the same managing partners and board as well as full investment autonomy and day-to-day operational independence, and it will receive a majority of the firm's revenue.
Veritas Asset Management chair and fund manager Charles Richardson said AMG’s unique partnership approach preserves the operational autonomy and investment independence of the company.
“We believe AMG is the ideal partner for Veritas given their understanding of, and appreciation for, the essential elements for the long-term success of investment management boutiques,” said Mr Richardson.
AMG chair and chief executive Sean M Healey said the company has “tremendous respect for the experience and talent of the management team at Veritas, and believes the firm is well-positioned for additional growth and continued success”.
“We look forward to working with our new partners on a variety of initiatives to enhance the firm’s forward growth and development,” he said.
