Bloomberg reported Northwestern Mutual prefers to sell Russell in whole, not to separate the asset management and indexing units.

In late January, Pensions & Investments reported, citing sources, private equity firms KKR & Co., Apollo Global Management LLC, Hellman & Friedman LLC, Carlyle Group and Genstar Capital could also be interested in Russell.

It is expected a buyer for Russell could be found by the start of the third quarter.

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of IWC and IWM.

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