Short answer

Affiliated Managers Group Inc (AMG) filed its Q3 2016 10-Q quarterly report on Nov 7, 2016 for the quarter ended Sep 30, 2016.

Affiliated Managers Group Inc Q3 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Quarterly revenue $544.7M, down 11% YoY from $613.1M
Net income margin 32.1% vs 31.0% YoY, based on net income of $174.9M and revenue of $544.7M
Mutual Fund revenue $258.6M, down 17% YoY, weakest channel; High Net Worth revenue $71.1M, up 7%, strongest
Cash $422.0M vs $563.8M at December 31, 2015; nine-month operating cash flow $683.1M
$150.3M forward-equity proceeds; management expects alternative-strategy demand and favorable transaction conditions to continue

Legal risk: Third Avenue Focused Credit Fund liquidation actions name Third Avenue and AMG as purported control-person co-defendants
Regulatory risk: Affiliates remain subject to minimum financial and capital requirements
Operational risk: Further declines in two global-equity Affiliates’ indefinite-lived intangible values could trigger impairments
Financial risk: $91.8 million unfunded private-equity commitments may be called in future periods
Market risk: Foreign-currency translation reduced comprehensive income by $72.7 million through September 30, 2016

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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