AMG to acquire a minority stake in Verition Fund Management.

AMG, a financial services firm, agreed to acquire a minority stake in Verition Fund Management, an investment management firm. Financial terms were not disclosed. “We’re excited to welcome AMG as a partner. In selecting an institutional partner, Josh and I were drawn to AMG’s track record, long-term orientation, and unique approach that preserves our independence and investment philosophy. This partnership supports the continued expansion of our platform, broadens our global reach, and strengthens our ability to execute on long-term strategic priorities — all with the goal of delivering lasting value to our investors,” Nicholas Maounis, Verition Co-Founder and CEO.