NWQ Investment Management Co. slashed its stake in Genworth Financial Inc. (GNW:US), the insurer whose chief executive officer resigned May 1 after postponing plans for the initial public offering of its Australia unit.
NWQ reported beneficial ownership of 0.001 percent in Richmond, Virginia-based Genworth in a regulatory filing today. That compares with a stake of more than 37 million shares, or about 7.6 percent, at the end of 2011, according to data compiled by Bloomberg.
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