{"id":33048,"date":"2012-12-18T09:17:47","date_gmt":"2012-12-18T14:17:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33048"},"modified":"2012-12-18T09:17:47","modified_gmt":"2012-12-18T14:17:47","slug":"wells-fargo-buys-35-stake-in-hedge-fund-firm-rock-creek-group","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2012\/wells-fargo-buys-35-stake-in-hedge-fund-firm-rock-creek-group.html","title":{"rendered":"Wells Fargo Buys 35% Stake in Hedge-Fund Firm Rock Creek Group"},"content":{"rendered":"<p>Bloomberg &#8211; Wells Fargo &amp; Co. (WFC), the biggest U.S. bank by\u00a0market value, bought a stake in Rock Creek Group LP to provide more hedge-fund offerings to clients amid a push to double the asset-management unit within seven years.<\/p>\n<p>The lender purchased a 35 percent stake in the Washington- based firm and has an option to make a controlling investment, Wells Fargo asset-management chief Mike Niedermeyer said in an interview. Rock Creek oversees about $7 billion, giving clients access to handpicked\u00a0hedge funds\u00a0and\u00a0emerging markets, the bank said in a statement, which didn\u2019t disclose financial terms.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-12-18\/wells-fargo-buys-35-stake-in-hedge-fund-firm-rock-creek-group.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Wells Fargo &amp; Co. (WFC), the biggest U.S. bank by\u00a0market value, bought a stake in Rock Creek Group LP to provide more hedge-fund offerings to clients amid a push to double the asset-management unit within seven years. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33048","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=33048"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33048\/revisions"}],"predecessor-version":[{"id":33050,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33048\/revisions\/33050"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}