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MFWire: Russell Funds, LifePoints Funds
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Russell Investments
1301 Second Avenue
18th Floor
Seattle, WA  98101
Google Maps

Contact
Main Phone: 206-505-7877
Web Site: http://www.russell.com/us/SiteNav.asp

Mutual Fund Brand(s)
Russell Funds, LifePoints Funds

Research Links
  • SEC Fund Filings by CIK

  • Background:
    Northwestern Mutual had owned Frank Russell since 1999, yet in December 2014 the London Stock Exchange (LSE) bought Russell from Northwestern for $2.7-billion. In February 2015 the LSE officially put the Russell Investments (i.e. manager-of-managers asset management) on the block, and as of July 9, 2015, the lead bidder in the running to buy Russell Investments was CITIC, a giant Chinese conglomerate.

    Founded as a brokerage firm, Russell developed a consulting business evaluating money managers in 1969. That business evolved into a "manager-of-manager" business for the institutional market in 1980. Today, Russell is an international company that manages over 400 funds with myriad investment strategies, serving both individual and institutional investors.

    In August 2010 Northwestern Mutual leaders reportedly considered seeking a buyer for Russell Investments. They denied the accuracy of that report at the time. 1

    On July 12, 2011, Russell Investments named Len Brennan its new president and CEO. Brennan takes over from Andrew Doman, who has become chairman of the board.

    Russell Investments founded and maintains the Russell Indexes, a family of global equity indexes that allow investors to track performance of distinct market segments worldwide. The firm launched its family of U.S. indexes in 1984, and introduced the Russell Global Index in 2007.

    Early History
    Frank Russell, a retired Wall Street broker, founded Russell Investments in 1936 after moving from New York to Tacoma, Washington. The company initially offered financial counseling services and managed a single mutual fund.

    The life insurance provider Northwestern Mutual acquired Russell in 1999, but Russell maintained its name, management, office locations, and investment approach. In the same year, Russell was first listed (at number 15) on the Fortune Magazine "Best Companies to Work for in America" list. Russell Investments appeared on the list again in 2000, 2001, 2002, 2006, and 2008.

    In March of 2004, Russell acquired Pantheon Ventures, the global private equity fund-of-funds specialist headquartered in London. In February 2010, Russell sold Pantheon to Boston-based Affiliated Managers Group.

    2008 was a year of big changes for Russell. In June, Craig Ueland, Russell's CEO since 2004, left the company. The firm also reportedly hired Boston Consulting Group to help take Russell in a new strategic direction.

    Northwestern Mutual's John Schlifske held the CEO spot on an interim basis until January 2009, when Russell hired McKinsey veteran Andrew Doman as its new chief.

    In September 2008, Northwestern announced it will support the value of the Lehman Brothers credit held in two money funds, the Russell Investment Co. Money Market Fund and the Russell Trust Co. Short Term Investment Fund. Later that fall, four senior-level executives left the firm, including North American chief investment officer Noel Lamb, senior portfolio manager and head of short-term investments Mark Amberson, senior portfolio manager Philip Coates, and director of credit research Helen Stewart.

    In 2010, Russell relocated its headquarters from Tacoma, Washington to Seattle. Russell purchased the former Washington Mutual building in Seattle and renamed it the Russell Investments Center.

    In January 2010, Russell hired Barclays Global Investors alums James Polisson as managing director of the global ETF business and Andy Arenberg as managing director of global ETF distribution. Less than three months later, in April, Russell filed to launch 11 new ETFs in the growth, value, and emerging market allocations. As an index provider, Russell has licensing agreements with ETF sponsors including iShares, Direxionshares, ProShares and Rydex ExpressShares.

    On January 12, 2011, Russell had announced it was buying ETF provider U.S. One.

    1 "Northwestern Mutual mulls selling Russell Investments, sources say," InvestmentNews (Aug. 25, 2010)
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    Key People:
    Michelle Seitz
    Chief Executive Officer, Board Member, Russell Investments
    Len Brennan
    Outgoing Chairman, Russell Investments
    Vernon Barback
    President, Russell Investments
    Mark Spina
    Head of U.S. Private Client Services, Russell Investments
    Cheryl Wichers
    Chief Compliance Officer, Russell Investments
    Thomas Hanly
    Chief Operating Officer, Russell Investments
    Erik Ristuben
    CIO- Managing Director, Investment Management and Research, Frank Russell
    Andy Arenberg
    Global Head of ETF Distribution, Russell Investments
    Whitney Dow
    Director of new business partnerships, Russell Investment Group
    Story Archive for Russell Investments
    Published On Story Headline Publication
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    4/30/2018 Week in Preview, April 30-May 6 MFWire.com
    4/23/2018 Week In Preview, April 23-29 MFWire.com
    1/22/2018 Week In Preview, January 22-28 401kWire.com
    1/16/2018 Week In Preview January 16-21 MFWire.com
    12/13/2017 Meet Michelle Seitz, Russell's New Chief MFWire.com
    12/4/2017 Week In Preview, December 4-10 MFWire.com
    9/6/2017 Follow the Fundsters - September 6, 2017 MFWire.com
    9/5/2017 TA Puts a New Chief In Charge of Russell MFWire.com
    6/14/2017 Follow the Fundsters - June 14, 2017 MFWire.com
    5/1/2017 Week In Preview: ICI GMM and More MFWire.com
    4/17/2017 Week In Preview: Fundsters Gather in NYC and Directors in DC MFWire.com
    2/15/2017 A Deep Dive Into Fidelity's New Platform MFWire.com
    11/30/2016 Follow the Fundsters - November 30, 2016 MFWire.com
    11/30/2016 Brennan Brings Advisor Distro Chief to Russell MFWire.com
    10/18/2016 People on the Move - October 18, 2016 MFWire.com
    6/2/2016 Russell Prepares to Shutter a $451MM Fund MFWire.com
    4/27/2016 Davies Brings Back Another AB DC I-O Vet 401kWire.com
    2/23/2016 A $237B Asset Manager's U.S. Retail Chief Is Retiring MFWire.com
    2/23/2016 A 401k Advice Shop Takes a Key Retail Step With Pershing MFWire.com
    1/13/2016 Russell's CEO Anoints a TA-Friendly Right-Hand MFWire.com
    10/8/2015 Russell Finds a Buyer MFWire.com
    9/25/2015 Is It Back to Square One For the Russell Spinoff? MFWire.com
    8/6/2015 No Russell Deal Yet: LSE's Chief Touts Good Progress MFWire.com
    7/10/2015 For $1.8B, the Lead Bidder For Russell Is ... MFWire.com
    6/11/2015 And Then There Were Three ... Russell Bidders MFWire.com
    4/29/2015 The LSE Promotes Its Fave Russell Brand, Even As the Auction Heats Up MFWire.com
    3/27/2015 Get Your Russell Bids In Next Week! MFWire.com
    2/25/2015 Just How Much Can the LSE Make From a Partial Sale of Russell? MFWire.com
    2/9/2015 Where Are Pimco's 401k Dollars Flowing? MFWire.com
    2/6/2015 The Russell Investment Management Sale Officially Begins MFWire.com
    1/29/2015 As Expected, Russell's On the Block Again* MFWire.com
    12/11/2014 Has the LSE Found a Home For Russell's Asset Management? MFWire.com
    8/27/2014 Here's How the LSE Will Finance the Russell Deal MFWire.com
    7/11/2014 Will Russell's Plum Asset Arm Agree With Buyers' Stomachs? MFWire.com
    6/26/2014 You Should Buy Russell's Fund Biz, and Pay This Much for It MFWire.com
    6/26/2014 Beating a Field of Six, the LSE Buys Russell for $2.7B MFWire.com
    6/12/2014 The LSE and Russell Near the $2.8B Finish Line MFWire.com
    5/13/2014 How Many Pounds Does It Take a Brit Exchange to Buy a Yank Indexer? MFWire.com
    5/13/2014 London Stock Exchange Is Bidding for Russell MFWire.com
    4/24/2014 With Just a Week Left, Six Bidders Vie For Russell MFWire.com
    3/24/2014 NAPA Taps Dimitriou as NAPA President for 2014-2015
    1/31/2014 A Top Russell Exec Falls to His Death MFWire.com
    1/9/2014 Northwestern Is Looking to Sell Russell MFWire.com
    12/9/2013 Russell Sharpens its Tool Chest MFWire.com
    8/28/2013 Russell Targets a Fund For Liquidation MFWire.com
    8/8/2013 Brennan Rearranges Russell's Investment Chiefs MFWire.com
    7/12/2013 Mark Schlafly Finds a New Home MFWire.com
    6/25/2013 Forbes Recites ETF Winners and Losers of The Week MFWire.com
    12/20/2012 Forbes Likes Five Funds for 2013 MFWire.com
    11/16/2012 Russell Launches Its First Fund Managed In-House MFWire.com
    11/9/2012 More ETFs Close Even As the Space Booms MFWire.com
    10/23/2012 WSJ Ponders the Future of ETFs MFWire.com
    10/22/2012 Reuters Spotlights Two New Total Return Offerings MFWire.com
    9/24/2012 Are Russell's ETF Players in Play? MFWire.com
    9/4/2012 Will Other ETF Shops Pull a Russell? MFWire.com
    8/20/2012 Russell Shutters All Its ETFs but One MFWire.com
    8/15/2012 Stork and Reaper for August 15, 2012 MFWire.com
    8/9/2012 Will Russell Do a FocusShares on Its ETFs? MFWire.com
    8/7/2012 Russell Scales Back Its $300MM ETF Business MFWire.com
    6/13/2012 Russell Makes Plans Around Stark's Shoes MFWire.com
    5/14/2012 Seeking Alpha Adds 20 ETFs to Death Watch MFWire.com
    3/16/2012 Russell Unveils Two High Dividend Yield ETFs MFWire.com
    3/14/2012 Davies Welcomes Another AllianceBernstein Alum 401kWire.com
    12/28/2011 MStar's Lee Names 2011 Best and Worst ETFs MFWire.com
    12/27/2011 Seeking Alpha Finds These New ETFs Useful MFWire.com
    11/3/2011 Russell Preps Domestic and International ETFs MFWire.com
    7/12/2011 Russell's CEO Resigns MFWire.com
    6/8/2011 Russell Boosts ETF Sales Team MFWire.com
    5/20/2011 Russell Takes a Step to Bolster its Wirehouse Ties MFWire.com
    5/19/2011 Russell Brings Discipline to the Market MFWire.com
    5/2/2011 Russell Will Take Employees Out to the Ballgame MFWire.com
    3/10/2011 Russell Snags an AllianceBernstein Exec MFWire.com
    3/4/2011 Russell Wraps Up an Acquisition MFWire.com
    1/12/2011 Done Deal: Russell Takes a Drive Along U.S. One MFWire.com
    10/14/2010 ETF-Centric Firms Leave Their Hearts in San Francisco MFWire.com
    10/11/2010 A Third of Active Managers Are in the Indexing Closet MFWire.com
    8/31/2010 Russell Buzz Goes Local MFWire.com
    8/25/2010 Is Northwestern Thinking of Selling Russell? MFWire.com
    4/7/2010 Russell Files to Launch 11 ETFs MFWire.com
    3/18/2010 Russell Hunts for a New CFO MFWire.com
    2/10/2010 A Russell Unit Sells to AMG MFWire.com
    1/25/2010 Russell Taps Two iShares Vets for Key ETF Posts MFWire.com
    1/6/2010 What's the Latest Word on Active Versus Passive? MFWire.com
    1/4/2010 Eyes Turn to Janus as January Dawns MFWire.com
    12/21/2009 Russell Picks a Successor for Stark MFWire.com
    9/9/2009 Tacoma or Seattle? Russell Finally Makes its Choice MFWire.com
    8/17/2009 Russell Plans to End the Tacoma-Seattle Suspense Next Month MFWire.com
    8/10/2009 US Fund Firms Harbor European Ambitions MFWire.com
    7/10/2009 Russell Gears Up for its ETF Debut MFWire.com
    4/2/2009 An Investment Adviser Points its Compass Toward Times Square MFWire.com
    1/28/2009 Russell is 'Not Immune,' Prepares to Slim Down MFWire.com
    1/21/2009 Russell Names a New CEO MFWire.com
    11/17/2008 Four Head Out Russell's Door MFWire.com
    10/8/2008 Russell Chair Follows CEO Out the Door MFWire.com
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