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Inside Schroders' decision to remerge fixed income and multi-asset divisions

A central hub for investors to keep up to date with all the latest news, announcements and changes occurring in the market. ....

Sebastian Mullins , Nicolaas Marais , Kellie Wood , Peter Harrison , Simon Doyle , Money Management , Wells Fargo Asset ,

Wells Fargo unit sale hailed as opportunity


Wells Fargo unit sale hailed as opportunity
Nicolaas Marais said the money management unit needs investment to thrive.
Wells Fargo Asset Management s new private equity owners may be just what the business needs to help it achieve scale and compete in the $1 trillion AUM club, industry players say.
Parent company Wells Fargo & Co. announced Feb. 23 it was selling its money management business with $603 billion in assets under management in a $2.1 billion deal to private equity firms GTCR LLC and Reverence Capital Partners. The split between the two firms was not disclosed. The deal followed months of speculation over whether the unit would be sold and to whom, with Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. previously named as potential suitors. ....

Stevenm Levitt , Nicolaas Marais , Milton Berlinski , Dan Erichson , Morgan Stanley , Goldman Sachs Group Inc , Jpmorgan Chase Co , Moody Investors Service Inc , Eaton Vance , Invesco Ltd , Park Sutton Advisors , Franklin Resources Inc , Wells Fargo Co , Legg Mason Inc , Wells Fargo , Wells Fargo Asset Management , Reverence Capital , Goldman Sachs Group , Franklin Resources , Legg Mason , New York Based , Investors Service , San Francisco Based , Jonathan Stern , Berkshire Global , நிகோலாஸ் மரைஸ் ,