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Affiliated Managers invests in two investment managers

Affiliated Managers Group, a $254bn (€161.9bn) asset management business, has taken stakes in two investment managers following a record first half for merger and acquisition deals in the sector powered by minority investments.

Affiliated acquired a 60% stake in Harding Loevner, a $6bn (€3.8bn) investment manager targeting global growth equities with six international and emerging markets equity strategies.

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