Reports Q1 revenue $544.9M, consensus $545.26M. Jay Horgen, President and Chief Executive Officer of AMG, said: “AMG generated excellent results in the first quarter, with year-over-year growth in Adjusted EBITDA and Economic earnings per share of 39% and 58%, respectively. Broad-based demand for our Affiliates’ liquid alternative and private markets strategies generated record net client cash flows of more than $22 billion. With four consecutive quarters of strong inflows, AMG has reported approximately $52 billion in net flows, or an organic growth rate of 7%, over the last 12 months. These outstanding results reflect AMG’s focus on investing in areas of secular demand and the disciplined execution of our capital allocation strategy.
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