A report that surfaced in the trade press last week stating that Northwestern Mutual
was mulling over the possibility of selling Russell Investments
] has been picked up by the Puget Sound Business Journal
In the Business Journal's BizTalk blog
yesterday, staff writer Kelly Giblom followed up on
last week's InvestmentNews article
, which reported that Northwestern was "seriously considering putting the business up for sale."
Russell spokeswoman Jennifer Tice told Giblom the same thing that a Northwestern spokesperson had told InvestmentNews: Russell is not for sale.
The chatter surrounding Russell comes as the firm is preparing to relocate its headquarters from Tacoma, Washington to Seattle.
Armie Margaret Lee
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