Invesco Negotiating With Guggenheim to Purchase Piece of Management Business
Invesco has over $800 billion in assets under management.

Atlanta-based investment firm Invesco Ltd. (IVZ) is in talks to purchase a piece of Guggenheim Partners investment management business, sources told Barron's Thursday. 

Invesco has nearly $860 billion in assets under management as of June 30, compared to Guggenheim's $237 billion in assets.

There have been rumors of infighting among Guggenheim CEO Mark Walter and lead manager Scott Minerd, reports that Walter has denied. 

"There is no power struggle between Scott and me at Guggenheim," Walter said in a statement, according to Barron's. 

More of What's Trending on TheStreet:

More from Stocks

Investing For Retirement: What Not to Worry About

Investing For Retirement: What Not to Worry About

Amazon Is Not Killing Every Retailer, Only These Laggards

Amazon Is Not Killing Every Retailer, Only These Laggards

A Hungry Grizzly Bear Is Stalking the Stock Market

A Hungry Grizzly Bear Is Stalking the Stock Market

Tesla Has Lost 15% Since Musk's Take-Private Tweet

Tesla Has Lost 15% Since Musk's Take-Private Tweet

Why Most Americans Like a Volatile Stock Market: Study

Why Most Americans Like a Volatile Stock Market: Study