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@brbrock: If I'm reading this correctly, it appears that AMG (the same group that now has controlling interest in YAFFX) will take over. No fund Management changes will take place.
I think that another of AMG's "strategic partners" is Aston Asset Management, which of course has a number of subadvisory relationships with River Road Asset Management. Interesting, since controlling owners conventionally take a profit share from their business(es), no?
"And just how many scoops of ice cream do you want on your ARIVX fund cone?," asks the soda jerk. "Oh my goodness, I'll have 2!," exclaims AMG. "One scoop of Aston Cherry Pistachio (our cut from fund administration fees) and one scoop of River Road Double Chocolate Almond (our cut from fund portfolio management fees)."
Comments
From David's April commentary:
"And just how many scoops of ice cream do you want on your ARIVX fund cone?," asks the soda jerk.
"Oh my goodness, I'll have 2!," exclaims AMG. "One scoop of Aston Cherry Pistachio (our cut from fund administration fees) and one scoop of River Road Double Chocolate Almond (our cut from fund portfolio management fees)."