Goldman Sachs strikes deal to manage $43.4 billion UPS pension fund assets

(Reuters) -Goldman Sachs Asset Management has been appointed the outsourced chief investment officer for $43.4 billion North American pension fund assets belonging to parcel delivery firm UPS.

As part of this appointment, the UPS in-house investment management team is expected to join Goldman Sachs’ Atlanta office and will continue to provide investment management services to the pension plans.

Goldman Sachs will provide investment management services for UPS’s U.S. and Canadian defined pension plan assets.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Pooja Desai)