Wayne Hummer Asset Management, the operator of four mutual funds, is looking to fill out its product line. Money Management reports that the company is currently in talks to acquire or take a stake in several money management firms. Tom Zidar, chairman and CEO of Wayne Hummer Wealth Management, told the pub that the targets are firms in the alternatives space, like real estate and hedge fund firms. He added that Wayne Hummer is hoping to increase its AUM from $7 billion to $10 billion in the next three to five years.

The firm also hired two new members of its fund team in early July. Katherine Buck, previously with Fidelity, joined as director of small-cap funds. William Gregg joined as director of fixed income. He was previously with Peak6.  

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