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For Deutsche Bank's Escapee, Freedom Is No Reward

Mark Gilbert
For Deutsche Bank's Escapee, Freedom Is No Reward

Four months after escaping from the claustrophobic embrace of Deutsche Bank AG, DWS Group is finding life as a free agent somewhat tougher than it might have hoped. In March, Deutsche Bank sold 22.25 percent of its stake in DWS at 32.50 euros a share, valuing the offshoot at 6.5 billion euros ($7.6 billion). In fairness, DWS is far from alone in its misery.