Clayton Dubilier Said to Discuss Takeover of Hartford Fund Unit

Clayton Dubilier & Rice LLC, the New York-based leveraged buyout firm, is among remaining bidders pursuing a takeover of Hartford Financial Services Group Inc.’s mutual-fund unit, said people with knowledge of the matter.

A decision on the sale of the business, which may fetch $1.5 billion or more, is weeks away, said the people, who spoke on condition of anonymity because the talks are private. Affiliated Managers Group Inc., based in Prides Crossing, Massachusetts, and Tokyo-based Nomura Holdings Inc. are among firms that had expressed interest in the unit and are no longer involved in the discussions, the people said.