Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
Goldman Sachs has secured $70 billion in retirement asset management deals from Verizon and Lockheed Martin.
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The brief
Goldman Sachs Asset Management has won two outsourced chief investment officer (OCIO) mandates. The firms involved in these deals are Verizon and Lockheed Martin, who will outsource their pensions to Goldman Sachs.
Coverage from CNBC, Quartz, Pensions & Investments, and ai-cio.com emphasizes that the total value of these asset management wins is $70 billion. Future developments depend on the implementation of these retirement asset management mandates for both corporations.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 2h ago.
Quick answers
Which companies are outsourcing their pensions?
Verizon and Lockheed Martin are outsourcing their pensions to Goldman Sachs Asset Management.
What is the total value of the deals?
The deals total $70 billion.
What specific type of mandates were won?
Goldman Sachs secured two OCIO (outsourced chief investment officer) mandate wins.
Coverage (10)
- Goldman Sachs Wins $70 Billion In Retirement Asset Management Mandates From Verizon And Lockheed Martin Pulse 2.0 · 5h ago
- Goldman Sachs Adds Corporate Pension OCIO Clients FIN News · 5h ago
- Goldman Sachs Asset Management Secures $70 Bln In Retirement Asset Mandates TradingView · 5h ago
- Goldman Sachs wins $70 billion retirement asset management deals qz.com · 5h ago
- Goldman Sachs Expands Asset Management with Verizon and Lockheed Martin GuruFocus · 5h ago
- Lockheed Martin, Verizon to Outsource DB and DC Investments to Goldman Sachs plansponsor · 5h ago
- Verizon, Lockheed Martin to Outsource Pensions to Goldman Sachs Asset Management ai-cio.com · 5h ago
- Goldman Sachs wins $70 billion retirement asset management deals qz.com · 5h ago
- Goldman Sachs notches two OCIO mandate wins totaling $70 billion Pensions & Investments · 5h ago
- Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin CNBC · 5h ago
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