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The Nuveen-Schroeders combination could result in one of the biggest, active global asset managers.
Global asset manager Nuveen is purchasing another asset manager, the London-based Schroders, via a cash acquisition for the entire issued and to-be-issued share capital of Schroders, amounting to approximately £9.9 billion ($13.48 billion), officials say. Nuveen, which has dual headquarters in New York City and Chicago, is the investment management arm of parent company, the...
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