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Angling to offer clients more in the way of hedge funds, Wells Fargo (WFC) purchases a 35% stake...

Angling to offer clients more in the way of hedge funds, Wells Fargo (WFC) purchases a 35% stake in Rock Creek Group, a fund of funds firm with $7B in AUM. While Rock Creek is strictly institutional investor territory, it's hard to believe Wells Fargo doesn't have an eye on a retail offering at some point. (PR)
Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Banks like WFC and USB have a wonderful opportunity in the "wealth management" world, but they have to get with the program in some demonstrable way.

     

    This is a good sign and not at all surprising to me.

     

    Fees fees fees fees fees fees fees fees
    fees fees fees fees fees fees fees fees

     

    We don't need no stinkin' NIM.
    18 Dec 2012, 12:03 PM Reply Like
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