Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
AI Summary
Goldman Sachs secured $70 billion in new asset management deals with Verizon and Lockheed Martin, illustrating intense competition among retirement asset managers like BlackRock and Mercer. This marks a significant development in the multitrillion-dollar retirement assets market.
Competition in the multitrillion-dollar market for retirement assets is fierce among managers like Goldman Sachs, BlackRock, Russell Investments and Mercer.