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Affiliated Managers Group Inc (AMG) filed its Q1 2017 10-Q quarterly report on May 5, 2017 for the quarter ended Mar 31, 2017.

Affiliated Managers Group Inc Q1 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Revenue $544.3M, down $1.1M YoY, while aggregate revenue increased 37% to undisclosed total
Net income $193.6M vs $173.5M YoY, controlling-interest net income $122.5M vs $104.0M
Equity method revenue $819.7M, up 82%; performance fees at existing Affiliates down $16.0M
Cash $293.6M vs $430.8M, operating cash flow $122.1M vs $25.6M YoY
Share repurchases $63.1M higher, 0.5M shares repurchased; management expects operating cash flow and financing capacity to meet foreseeable needs

No material changes to 10-K risk factors identified in the provided text
Legal risk: Third Avenue Focused Credit Fund litigation, $15.0 million reserve subject to court approval
Regulatory risk: Affiliates must maintain minimum financial or capital requirements
Operational risk: $1.0 billion in unconsolidated VIE assets, with $2.8 billion maximum exposure to loss
Financial risk: $97.1 million unfunded co-investment commitments callable in future periods

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

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