Wells Boosts Rock Creek Stake

Mar 20 2014 | 10:30am ET

Wells Fargo Asset Management is set to take a majority stake in fund of hedge funds manager Rock Creek Group next month.

Wells took a 35% stake in Rock Creek in late 2012, with an option to increase that holding to a controlling stake. The bank will exercise that option on April 1, it said.

“This change is a sign of Wells Fargo’s continued commitment to—and investment in—the Rock Creek Group, but it will in no way affect the management, independent culture, investment process and brand identity of the firm,” Wells said. The bank may still increase its stake further.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...