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GW Capital to close shop by March 31

Feb 22, 2016 - Pensions & Investments

GW Capital Inc. will close its doors by March 31 after 26 years, following severe declines in the value of its equity portfolio and client terminations, said Scott Mullet, a senior vice president and principal of the firm.

"It was certainly a very agonizing and difficult decision," Mr. Mullet said, but he said company officials felt the firm could not recover from continuing net outflows. GW Capital saw its value-oriented equity portfolio decline to $1.5 billion on Dec. 31 from a high of $...