Goldman seeks asset purchases in UK pensions fire sale

Financial Times LogoFinancial Times1 mo ago

Goldman seeks asset purchases in UK pensions fire sale - Financial Times

Quick Summary:

As well as GSAM, investors including a unit of Blackstone have multibillion-dollar funds that can buy up pension scheme holdings, some of which are now trading far below their face value.

Pension funds have also braced themselves for demands for cash from the buyout groups whose funds they have invested in to finance a wave of acquisitions agreed during a dealmaking frenzy last year.

They began selling stakes in private equity and venture capital funds earlier this year at the fastest pace on record, partly to rebalance their portfolios after a sell-off in publicly traded equities and bonds.

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Article Details

Author / Journalist: Adrienne Klasa

Category: MarketsFinanceInvesting



Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 17:51:06 (1 months ago)

News Timezone: GMT -5:00

Ranking: #24 (out of 3204 stories this day)

News Source URL:

Language: English

Article Length: 581 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 745494

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About Financial Times

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Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #3

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