LSE to Split Russell Investments Units, Seeks Sale of AM Arm
The exchange operator will keep and integrate indexes with FTSE
The exchange operator says it has decided, as previously reported, to continue the integration of Russell's massive index business into its own FTSE holdings. The $280 billion asset manager, based in Seattle, Wash., will now find new pastures.
"LSEG has already received a number of expressions of interest in a potential acquisition of Russell Investment Management reflecting the high quality of its business and market leading positions," the company said in a statement. "A sale process of the
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