Star Tribune – Wells Fargo & Co. has taken a 35 percent stake in The Rock Creek Group, a fund-of-hedge-funds company in Washington, D.C., as the nation’s No. 4 bank works to double its asset-management unit.
Rock Creek, which has about $7 billion in assets under management and 50 employees, designs and implements customized funds of hedge funds and emerging market portfolios for institutional clients using proprietary analytics.
