Affiliated Managers set to buy stake in D.E. Shaw Group, WSJ says Affiliated Managers Group is set to buy a stake in hedge fund D.E. Shaw Group for more than $500M from the estate of Lehman Brothers Holding, says the Wall Street Journal. Reference Link
Affiliated Managers sees FY16 economic EPS $12.40-$14.00, consensus $13.64 Management said the company sees share repurchases equal to 50% of expected annual economic net income over FY16. Guidance provided during Q4 earnings conference call.