Datamonitor tells MHProNews that asset management firm Affiliated Managers Group (AMG) has reported a net income of $60.9 million, or $0.12 per diluted share, for the second quarter ended June 30, 2012, compared to $101 million, or $0.85 per diluted share, for the second quarter ended June 30, 2011. Revenue was $429.6 million, for the second quarter of 2012, compared to $462.3 million, for the second quarter of 2011. Net income was $153.9 million, or $0.83 per diluted share, for the six months ended June 30, 2012, compared to $190.4 million, or $1.59 per diluted share, for the six months ended June 30, 2011. Revenue was $847.2 million, for the first six months of 2012, compared to $888.5 million, for the first six months of 2011. Sean Healey, Chairman and CEO of AMG, stated: “Against the backdrop of a challenging market environment, AMG reported strong results for the second quarter, reflecting continued outstanding organic growth, ongoing investment outperformance generated by our best-in-class boutiques, and the addition of two new Affiliates, Veritable and Yacktman Asset Management.” AMG is one of the stocks tracked in the Daily Business News market report. ##