📈 Stocks & Economy🌐 Global
Goldman Sachs Locks Up $70 Billion in Retirement Fund Deals With Verizon and Lockheed Martin
CNBC·Friday, 10 July 2026
Goldman Sachs Asset Management won asset management mandates worth $70 billion from telecom giant Verizon and defence contractor Lockheed Martin. The deals are in the retirement assets market, where Goldman competes with BlackRock, Russell Investments, and Mercer. The multitrillion-dollar market for managing retirement money is described as fiercely competitive.
Why It Matters
Goldman's dominance in managing retirement assets signals which firms are winning the race to control the world's biggest pools of money — with consequences for global investment flows.
🔒 Potential Impact + source link
Subscribe to unlock the impact analysis and original source for every story.
More from Stocks & Economy
- Fed Split on Rates, and India's Borrowing Costs Are Watching Closely
- Micron's $250 Billion Chip Bet Is a Big Signal for India's Semiconductor Dreams
- Meta's AI Surge Is Reshaping Where Indian Tech Talent and Capital Will Flow
- Strait of Hormuz Disruption Could Stay Until 2027 — and India's Energy Bill May Keep Climbing