Alerian is far from the only index provider to explore a sale of itself this year. Earlier this year, the London Stock Exchange acquired indexing giant Russell Investments from Northwestern Mutual Life Insurance for $2.7 billion in cash. [LSE Acquires Russell Investments]
Barclays (NYSE: BCS) is also looking to sell its indexing business and last week it was reported that Citigroup (NYSE: C) is mulling a sale of its indexing unit.
The Bloomberg article did not identify potential suitors for Alerian. The firm also sponsors the Alerian Energy Infrastructure ETF (NYSEArca: ENFR), which had $16.5 million in AUM at the end of the third quarter.
Alerian MLP ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of AMLP.