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

Tesla Is Taking Apple's Ecosystem Model Up a Notch

Tesla Is Taking Apple's Ecosystem Model Up a Notch

Video: Jim Cramer on What Trade Tariffs and Rising Rates Mean for Stocks

Video: Jim Cramer on What Trade Tariffs and Rising Rates Mean for Stocks

Dow Makes Move Higher as Bond Yields Hover Near 3% Threshold

Dow Makes Move Higher as Bond Yields Hover Near 3% Threshold

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)

Kanye West Loves His Tesla - But Should He Love the Company's Stock, Too?

Kanye West Loves His Tesla - But Should He Love the Company's Stock, Too?