Morningstar loses TransAmerica work; no layoffs seen

    Chicago-based Morningstar Inc. has lost an assignment that generated $12 million in 2011 when its biggest investment management customer, TransAmerica Asset Management Inc., stopped outsourcing advisory work.

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    Chicago-based Morningstar Inc. has lost an assignment that generated $12 million in 2011 when its biggest investment management customer, TransAmerica Asset Management Inc., stopped outsourcing advisory work.

    Read more.

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