Russell Investments put up for sale - reports

Goldman Sachs handling the sale

Russell Investments has been put up for sale by its private equity owner TA Associates, according to reports.

TA has hired banking group Goldman Sachs to handle the sale and find potential buyers for the Seattle-based firm, the Financial Times reported. Russell, which was bought by TA in 2016 for $1.15bn from the London Stock Exchange Group, has just shy of $300bn of assets under management. The FT said it was unclear how much TA was seeking for Russell. Asset management M&A hits record high in 2018 The move comes amid increasing consolidation in the asset management industry, with large-scale mergers like the £11bn combination of Standard Life Investments and Aberdeen Asset Management; an...