Goldman Sachs Secures $70 Billion in Asset Management Deals
Goldman Sachs Asset Management has won $70 billion in new asset management deals. The agreements are with Verizon and Lockheed Martin, two major corporations. These deals highlight the ongoing competition within the multitrillion-dollar market for retirement assets.
Goldman Sachs Asset Management has secured $70 billion in asset management agreements, involving both Verizon and Lockheed Martin. These significant deals underscore the competitive environment within the financial sector.
The market for retirement assets is valued at trillions of dollars, and competition among managers is notably fierce. Firms vying for these substantial portfolios include Goldman Sachs, BlackRock, Russell Investments, and Mercer.
According to CNBC Business, the landscape for managing retirement assets is highly contested among leading financial institutions.
