Wells Fargo & Co. announced it is buying EverKey Global Partners, an investment boutique that offers global equity strategies to institutional clients. The investment team at EverKey will become part of Wells Capital Management, the institutional asset management subsidiary of Wells Fargo Bank and part of Wells Fargo's Asset Management Group.
EverKey's team will continue as it has, remaining independent, with no change to its structure, investment philosophy or location. The transaction is expected to close by Jan. 1.
"We are thrilled to partner with a firm that has the breadth of distribution, global infrastructure, and the commitment to excellence in investment and risk management of Wells Capital Management," says Jeff Everett, founder and lead portfolio manager of EverKey Global Partners. "With their support, we look forward to continuing to invest in line with our core investment philosophy and research investment opportunities across the globe on behalf of our clients in our global equity strategies."
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