With around $776 billion of client assets under management West Palm Beach Florida-based Affiliated Management Group (AMG) is currently one of the largest publicly-traded asset management firms in the world.

AMG has a unique business model that distinguishes it from its peers.

Instead of managing money directly AMG takes significant stakes in “boutique” investment management firms. These usually amount to between 25 percent to 50 percent. But in some instances it can be much less.

AMG’s premise is that independent boutiques owned and managed by their employees outperform their peers by a significant marg...