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U.S. asset managers target a new arms race

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U.S. asset managers are engaged in a new arms race. tombuerkle

Goldman Sachs Asset Management said on March 18 that it had agreed to buy Standard & Poor's Investment Advisory Services for an undisclosed amount.

The unit, a part of S&P Global, provides non-discretionary investment advice to registered investment advisers and other intermediaries. It advised on more than $33 billion in assets at the end of 2018.

 

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