EXHIBIT 21.1

                              LIST OF SUBSIDIARIES

                            (in alphabetical order)

WHOLLY OWNED SUBSIDIARIES OF THE REGISTRANT

AMG/Midwest Holdings, Inc., a Delaware corporation

AMG/Midwest Holdings, LLC, a Delaware limited liability company (through
AMG/Midwest Holdings, Inc. and AMG Service Corp.)

AMG New York Holdings Corp., a Delaware corporation

AMG Properties LLC, a Delaware limited liability company

AMG/SouthwestGP Holdings, Inc., a Delaware corporation

AMG/TBC Holdings, Inc., a Delaware corporation

AMG Service Corp., a Delaware corporation

AMG Finance Trust, a Massachusetts business trust (through AMG Service Corp.)

The Burridge Group Inc., an Illinois corporation

E.C. Rorer II, Inc., a Delaware corporation (through Edward C. Rorer &
Co., Inc.)

E.C. Rorer, L.P., a Delaware limited partnership (through E. C. Rorer II, Inc.
and Edward C. Rorer & Co., Inc.)

Edward C. Rorer & Co., Inc., a Delaware corporation

FCMC Holdings, Inc., a Delaware corporation

First Quadrant Corp., a New Jersey corporation (through First Quadrant
Holdings, Inc.)

First Quadrant Holdings, Inc., a Delaware corporation

GeoCapital Corporation, a Delaware corporation

J M H Management Corporation, a Delaware corporation

Prides Crossing Holdings LLC, a Delaware limited liability company

Suite 3000 Holdings, Inc., a Delaware corporation

TMF Corp., a Delaware corporation

ENTITIES IN WHICH THE REGISTRANT HAS A MAJORITY INTEREST (DIRECT AND INDIRECT)

Davis Hamilton Jackson & Associates, L.P., a Delaware limited partnership
(through AMG/SouthwestGP Holdings, Inc. and AMG/TBC Holdings, Inc.)

Essex Investment Management Company, LLC, a Delaware limited liability company

First Quadrant, L.P., a Delaware limited partnership (through First Quadrant
Corp.)

First Quadrant U.K., L.P., a Delaware limited partnership (through First
Quadrant Corp.)

First Quadrant Limited, a U.K. corporation (through First Quadrant U.K., L.P.)

Frontier Capital Management Company, LLC, a Delaware limited liability company
(through FCMC Holdings, Inc.)

GeoCapital, LLC, a Delaware limited liability company (through GeoCapital
Corporation)

                        LIST OF SUBSIDIARIES (CONTINUED)

                            (in alphabetical order)

Gofen and Glossberg, L.L.C., a Delaware limited liability company

Joint Venture Partners LLC, a Delaware limited liability company (through AMG
Properties LLC)

J.M. Hartwell Limited Partnership, a Delaware limited partnership (through J M H
Management Corporation and AMG New York Holdings Corp.)

Managers Distributors, Inc., a Delaware corporation (through The Managers Funds
LLC)

The Managers Funds LLC, a Delaware limited liability company (through TMF Corp.)

Renaissance Investment Management, a Delaware partnership

Rorer Asset Management, LLC, a Delaware limited liability company (through E.C.
Rorer, L.P.)

Skyline Asset Management, L.P., a Delaware limited partnership

Systematic Financial Management, L.P., a Delaware limited partnership

The Burridge Group LLC, a Delaware limited liability company (through The
Burridge Group Inc.)

Tweedy, Browne Company LLC, a Delaware limited liability company (through
AMG/TBC Holdings, Inc.)

ENTITIES IN WHICH THE REGISTRANT HAS A MINORITY INTEREST

Paradigm Asset Management Company, L.L.C., a Delaware limited liability company
(through AMG New York Holdings Corp.)