Wells Fargo Buys Rest of $10 Billion 'Active Quant' Firm Golden

Wells Fargo & Co. exercised an option to buy the rest of Golden Capital Management, an “active quant” investment firm that helps oversee $10 billion.

The bank, which built up a 65 percent stake in Golden in 2011, said in a statement Monday that it finished purchasing the rest at the start of this month. It didn’t disclose the terms.

Golden provides investment-management services to institutional and individual investors, combining research with quantitative execution. Wells Fargo’s asset management division has been expanding its quantitative-based offerings, last year acquiring Analytic Investors LLC, a deal that added about $15 billion in assets under management.

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“The depth and experience of the Golden team excites us,” said Kirk Hartman, chief investment officer for the Wells Fargo division. “Each investment professional on the team has a background -- be it mathematics, computer science or engineering -- that lends itself to quantitative analysis.”

Golden, founded in 1999 by Greg Golden and Jeff Moser, manages and advises approximately $10 billion in assets, according to the statement.

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