Wells Fargo Asset Management (WFAM), the global asset management arm of Wells Fargo, has wrapped up the acquisition of Los Angeles-based investment firm Analytic Investors.
The deal adds $15bn in assets to the portfolio of WFAM, which managed over $481bn in assets as of 30 June 2016.
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Analytic’s investment management team will join WFAM and will continue to operate from its Los Angeles base, the US lender said while announcing the deal in August 2016.
Set up in 1970, Analytic Investors offers a range of active quantitative equity investment solutions such as including risk reduction, relative benchmark, and absolute return strategies.
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