Goldman Sachs (GS) Unit to Acquire Dwight Asset Management from Old Mutual
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Goldman Sachs Asset Management -- a unit of Goldman Sachs (Nasdaq: GS) -- announced it will acquire Dwight Asset Management, a Vermont-based stable value money manager, from Old Mutual Asset Management.
The transaction represents a significant step in GSAM’s efforts to establish a leading position in the defined contribution investment-only business while reinforcing the importance of stable value as an investment option.
Subject to certain conditions, Dwight is expected to become a part of GSAM in Q212.
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The transaction represents a significant step in GSAM’s efforts to establish a leading position in the defined contribution investment-only business while reinforcing the importance of stable value as an investment option.
Subject to certain conditions, Dwight is expected to become a part of GSAM in Q212.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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Strong move
Nathan Oher on Feb 8, 2012 04:58 PMMark as Spam
Great move from Goldman Sachs. This will definitely help compete with the elite asset management software vendors such as Raritan, Gartner, RackWise, and AlphaPoint Technology.