Goldman Sachs Wins $70 Billion in Retirement Assets Management for Verizon and Lockheed Martin
Goldman Sachs has secured a major contract to manage approximately $70 billion in retirement assets from Verizon Communications Inc. (VZ) and Lockheed Martin Corporation (LMT). This includes about $30 billion in pension funds and $40 billion in defined-contribution plans, signaling growing corporate reliance on external asset managers for complex investment strategies.
Topics: corporate pensions Goldman Sachs outsourced investment management retirement funds