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| May 21, 2024The long-term trend of shipping out investment management appears to have slipped for asset allocators, despite several large outsourcing arrangements being announced in recent months.
In the last year, some large U.S.- and U.K.-based companies have outsourced their pension operations to asset managers. Most recently, UPS in May said it will outsource its U.S. and Canadian pension funds, totaling more $43.3 billion in assets, to Goldman Sachs Asset Management.