Affiliated Managers Group, a Boston-based asset management holding company, has bought a stake in Edgehill Select Group's parent company as its first move into Europe.

AMG, which holds stakes in 15 US-based fund management companies, has bought a share in Netherlands Antilles-based Dublin Funds Distributors, the parent company of Edgehill Select Group. Edgehill, which is based in Paris and Geneva, is a Dublin-registered fund of hedge funds.