Goldman Sachs Asset Management resigned as a named fiduciary of the $19.8 billion Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill.The pension fund plans to transfer the 30% of plan assets that Goldman Sachs controlled to Northern Trust Global Advisors, the fund’s other named fiduciary, then move 10% of the plan’s assets to passively managed index funds, according to a filing in U.S. District Court in Chicago. Full Story......
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