Money manager AMG could rise 20 pct – Barron’s

NEW YORK, Oct 24 (BestGrowthStock) – Affiliated Managers Group
(AMG.N: ), the global equity manager, could be in a good position
to take advantage of the need for pension plans to invest more
heavily in stocks as interest rates remain low, Barron’s
reported.

AMG shares still don’t reflect their full potential and
could rise more than 20 percent as the firm scoops up smaller
managers on the cheap and boosts its exposure to global
equities said Barron’s in its Oct. 25 issue.

The financial weekly said AMG is on track to post a gain of
35 percent in 2010 earnings, but the shares currently trading
at 15 times this year’s earnings and just 12 times 2011
earnings, only reflect a 21 percent rise in earnings.

(Reporting by Yinka Adegoke; editing by Gunna Dickson)

Money manager AMG could rise 20 pct – Barron’s