Affiliated Managers Group Inc Q4 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Trevor Dodds - Jefferies LLC - Analyst : Hi, this is Trevor Dodds on for Dan. Can you discuss in more detail the pipeline for new investments and how that compares to this time a year ago? Also, did the change in administration have any impact on conversations or dialogue with prospective Affiliates?

Question: Bill Katz - TD Cowen - Analyst : Okay, thank you very much for taking the question. Congrats on the small transaction today. As you think about the pipeline from here, Jay is the is the go forward, the NorthBridge kind of model where you have a minority stake in a smaller franchise that you can then sort of lever through your more advanced global distribution platform, or could there be some larger deals that might move the flow and/or strategic needle a little bit more quickly at the end of the day.

Question: Luke Bianculli - Goldman Sachs - Analyst : Hey, good morning, everyone. This is Luke on for Alex. Thanks for taking the question. So the last few quarters you've provided really helpful detail into your retail alts product pipeline. I was hoping you could give us an update on the trends you are seeing evolve from both a client demand perspective and distribution fee arrangements and how active are you guys currently in developing active ETFs for your Affiliates. Thank you.