GSAM wins €7.5bn as F&C axed in the Netherlands

Tuesday 23 May 2006 at 16:00

F&C Asset Management has lost a €7.5bn ($9.6bn) Dutch pension fund advisory mandate to Goldman Sachs Asset Management.

Vervoer, the Dutch fund for transport workers, has hired GSAM to oversee €5.4bn in equities, fixed income and hedge funds in a fiduciary management services mandate.