The sale of Russell Investments by the London Stock Exchange Group is on track, the exchange said in its latest financial update.
The LSE said in the update that it had received “a good number of indications of interest” for the money manager, which it acquired along with Russell’s index business, for $2.7 billion in December. No details were provided on a time frame for the sale.
Russell Investments’ assets under management increased 5% to $272 billion as of March 31, compared to a year earlier.
LSE officially put Russell Investments on the block in February. It is integrating Russell Indexes, which has $5 trillion of assets benchmarked against it, into its own unit, which includes index business FTSE.