PBGC hires three managers to run $2.5bn brief

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US - The Pension Benefit Guaranty Corporation (PBGC) has hired three managers to manage a combined US$2.5bn in private equity and real estate assets.

Investment firms BlackRock, Goldman Sachs and JPMorgan will serve as strategic partners to the PBGC as well as managing assets. PBGC director Charles Millard said: "They will be required to share ...

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