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Provider: MacroRisk Analytics/EconomicInvestor

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Goldman Sachs Group Inc's Asset Management Arm To Acquire RBS’ Money Market Funds

Monday, 21 Oct 2013 04:45am EDT 

Goldman Sachs Group Inc's asset management arm (GSAM) announced that it will acquire the Global Treasury Funds, which are a range of money market funds managed by RBS Asset Management (RBSAM). The transaction is expected to close in the first quarter of 2014, subject to approval by the Central Bank of Ireland and the Irish Stock Exchange (the Global Treasury Funds are Irish domiciled funds), as well as a fund investor vote. 

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-2.88 -1.67%
1 Aug 2014