ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

GS Goldman Sachs Group Inc

453.56
-1.17 (-0.26%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Goldman Sachs Group Inc NYSE:GS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.17 -0.26% 453.56 457.20 453.32 456.00 1,579,584 01:00:00

Goldman to Assist N.Y. Employee Pension Fund in $2 Billion Portfolio

10/09/2014 5:02pm

Dow Jones News


Goldman Sachs (NYSE:GS)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Goldman Sachs Charts.
By Justin Baer 

Goldman Sachs Group Inc.'s asset-management arm has joined with a New York public-employee pension fund in a $2 billion portfolio of stocks.

Under the agreement, New York State Common Retirement Fund earmarked $2 billion to a group of equity money managers. Goldman will in turn pick the managers, while also advising the New York pension on other stock investments, the state Comptroller's Office said Wednesday.

It is the first partnership of its kind for the pension fund, which oversees $180.7 billion on behalf of more than a million government employees and retirees.

Goldman's deal with New York marks the latest pact between large public pensions and outside money managers, private-equity and hedge-fund managers.

"Working closely and creatively with GSAM's team and their resources will extend the reach of the fund's global investment team." Vicki Fuller, chief investment officer at the retirement fund, said in a statement.

Write to Justin Baer at justin.baer@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year Goldman Sachs Chart

1 Year Goldman Sachs Chart

1 Month Goldman Sachs Chart

1 Month Goldman Sachs Chart