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Wells Fargo unit sale hailed as opportunity Nicolaas Marais said the money management unit needs investment to thrive. Wells Fargo Asset Management's new private equity owners may be just what the business needs to help it achieve scale and compete in the $1 trillion AUM club, industry players say. Parent company Wells Fargo & Co. announced Feb. 23 it was selling its money management business with $603 billion in assets under management in a $2.1 billion deal to private equity firms GTCR LLC and Reverence Capital Partners. The split between the two firms was not disclosed. The deal followed m...

 E-Mail IMAGE: Three Czarevnas of Underground Kingdom (1879). A painting by Viktor Vasnetsov. The painting is based on the Russian fairy tale The Three Kingdoms: Copper, Silver, and Golden view more  Credit: Viktor Vasnetsov; Tretyakov Gallery Titled "Energy transition at the crossroads", the new issue of the Russian Journal of Economics gets a set of profound messages across, which can be summarized as: "transition matters, transition goes, yet transition is not a simple, unified march towards a Green future". Together, the seven articles in the issue bring forward the notion tha...