Affiliated Managers Group (AMG) Q2 FY26 earnings call

AMG reported record Q2 earnings, driven by strong organic growth and a strategic shift towards higher-margin alternative strategies, which now comprise over 60% of earnings. The company continues to deploy capital through accretive investments and significant share repurchases, aiming for sustained long-term economic EPS growth despite some outflows in traditional long-only products. Management anticipates continued momentum in alternatives and a robust pipeline for new investments.