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Russell's China deal hints at new model for managers

Dec 12, 2016 - Pensions & Investments

Russell Investments' second stab at partnering with a Chinese money manager could leave the firm positioned to benefit from anticipated growth of demand on the mainland for local as well as global multiasset fund-of-funds strategies without the need of taking on the minority joint venture partner status of its first go-round.

On Dec. 6, roughly 18 months after Russell sold its 49% stake in a Shanghai-based fund management joint venture with Ping An Insurance Co., the Seattle-based multiman...