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Goldman Sachs wins $70 billion in asset management deals
The wins cover retirement asset business tied to Verizon and Lockheed Martin, highlighting intensified competition among large managers for plan assets.
CNBC reports Goldman Sachs has won $70 billion in asset management deals with Verizon and Lockheed Martin.
The outlet says competition for retirement assets among major managers such as BlackRock, Russell Investments, and Mercer remains fierce.