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

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

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)