Wells Fargo Funds Management has completed its acquisition of 11 funds with $1.4 billion in assets under management from Montgomery Asset Management. Montgomery, a subsidiary of Commerzbank, and Wells Fargo announced the transition last November. Gartmore Global Investments, meanwhile, is acquiring two of Montgomery’s international funds and one long/short equity fund.

In particular, the Montgomery funds round out Wells Fargo’s equity and fixed-income lineup, said Karla Rabusch, president of Wells Fargo Funds Management. The acquisition of the retail funds also expands Wells Fargo’s institutional focus.

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