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AMG, Fries Associates settle proxy fight over subadviser changes

AMG, Fries Associates settle proxy fight over subadviser changes
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Fired fund manager Friess to battle AMG over Brandywine portfolios

Fired fund manager Friess to battle AMG over Brandywine portfolios
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Termination prompts Freiss to target shareholder votes in 2 AMG funds

Termination prompts Freiss to target shareholder votes in 2 AMG funds Getty Images Friess Associates LLC s 401(k) plan filed a preliminary proxy statement urging shareholders of two mutual funds managed by Affiliated Managers Group to reject the retroactive termination of Friess as a subadviser for the funds. The statement is being made in connection with the upcoming special meeting for shareholders of the AMG Boston Common Global Impact Fund and AMG Veritas Global Real Return Fund on May 18, according to a news release Thursday from Friess Associates. AMG called the special meeting regarding changes to the subadvisers and other components of these and three other AMG funds, according to SEC filings.

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