AMG buys six managers


Boston-based Affiliated Managers Group (AMG) has bought Toronto-based structured product provider Triax Capital. The purchase of Triax comes through the sale of its parent company, First Asset Management, which owns stakes in five other Canadian asset managers, for around US$306 million.

Triax currently manages over C$1.5 billion of assets for Canadian retail investors and has issued capital guaranteed investments linked to a fund of hedge funds, actively managed share baskets and actively

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