Affiliated Managers Group, a money manager holding company, acquired a majority stake in Burridge Associates Inc., a Chicago equity investment manager.

Burridge, which manages $1.3 billion in growth stocks, is headed by Richard M. Burridge, 67, a former vice chairman of Alliance Capital. Under the deal, which is expected to close next month, Burridge's management will retain close to 50% of the partnership's shares and will initiate a succession plan.

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