Russell Investments’ asset under management dropped 5% during the first half of 2015.
Russell’s assets fell to $266 billion since being bought by the London Stock Exchange last December, reports Pensions & Investments. Assets dipped 2.2% during the second quarter.
LSE purchased Russell to incorporate its index business in with LSE’s FTSE unit, and announced in February it would sell the investment management arm of Russell. The company is still considering offers for a sale, and hasn’t released any additional information at this time. “In the meantime, Russell Investment Management will continue its focus on client service, growth and innovation,” the firm says in a press release.
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