Fund giants among six bidders circling Russell Investments

London Stock Exchange Group's sale of Russell Investments has attracted at least six bidders, according to reports.

London Stock Exchange Group announced the US asset manager was up for sale in February and appointed J.P. Morgan Chase and Goldman Sachs to find bidders. Russell Investments, which has $273bn in funds under management, is expected to cost around $1.5bn. The sales process has now reached the second round, according to the FT, with remaining bidders believed to include Towers Watson, Columbia Threadneedle Investments owner Ameriprise, and at least one China-based group. The next round of bids are expected within the coming weeks, the paper said. In February analysts at Numis spec...