The latest issue of Financial Standard now available as an e-newspaper Wells Fargo sells asset management business BY ELIZA BAVIN | WEDNESDAY, 24 FEB 2021 12:09PMWells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds. Sponsored by Eaton Vance
Eaton Vance: Active vs. Passive in EMD |  |
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| | ELIZABETH MCARTHUR | 12:49PM After 23 years with JANA, chief investment officer Steven Carew has resigned. | JAMIE WILLIAMSON | 12:49PM The $59 billion super fund has launched the responsible investment option Financial Standard revealed it was working on late last year, introducing one of the lowest cost SRI vehicles in the market. | | | KARREN VERGARA | 12:47PM Vanguard has launched a financial advice offering in the UK that will charge a flat rate of 0.79%, a whopping three times less than what the industry charges on average. | KANIKA SOOD | 12:43PM Australian Ethical, Aware Super and BUSSQ are the top three performers in MySuper, when risk adjusted returns are considered. |
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