Company type | Subsidiary |
---|---|
Industry | Finance |
Founded | 1932 |
Defunct | June 20, 2010 |
Headquarters | , United States |
Key people | W. Douglas Munn, Pres. & CEO David Germany, CIO |
Products | Financial services |
Parent | Wells Fargo |
Website | evergreeninvestments |
Evergreen Investments was the investment management business of Wachovia. The brand was merged into Wells Fargo Advantage Funds and subsequently phased out following Wells Fargo's acquisition of Wachovia.[1] The brand was officially retired on July 20, 2010.[2]
Outside the United States, the sales and distribution business was conducted under the brand name of Wachovia Global Asset Management.
Evergreen Investments had US$245.9 billion in assets under management, 83 mutual funds, 2.7 million mutual fund shareholders and 1,064 employees as of June 30, 2008.[3] Evergreen ranked among America's 30 largest asset management companies and one of the top 25 largest mutual fund families.
This mutual fund family promoted itself as a "broadly diversified asset management organization, with products and services distributed across several lines of business...managing diverse investments such as institutional portfolios, mutual funds, variable annuities, alternative investments and private accounts."[4]
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: CS1 maint: archived copy as title (link)