PRIT drops GSAM from US equities
US - Goldman Sachs Asset Management (GSAM) has been dropped by Massachusetts' Pension Reserves Investment Trust (PRIT) because of poor returns and concerns of instability within the organisation.
GSAM had held the US$1.2bn domestic equities enhanced index contract with the $53.7bn pooled pension fund for public employees in Massachusetts since December 2005. Francy Ronayne, deputy communications...
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