WestLB Asset Management plans to announce the purchase of a US quoted equity group as the last block in building its US assets, having just completed the purchase of Gulfstream Global Investors.

The purchase of the Dallas-based international equity specialist gives WestAM, fund management arm of Westdeutsche Landesbank in Germany, an additional $315m (€368m) in assets under management while Gulfstream gains distribution.

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WestLB to buy another US fund manager

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