Goldman Scoops Up Old Mutual Asset Management Firm

Law360, New York (February 7, 2012, 2:49 PM EST) -- The asset management arm of Goldman Sachs Group Inc. has acquired Dwight Asset Management from a unit of insurance provider Old Mutual PLC to bolster its retirement plan investment services, Goldman said Tuesday.

Goldman Sachs Asset Management LP did not disclose the terms of its deal with Old Mutual Asset Management to buy Dwight, which managed and advised for $42 billion in assets as of Dec. 31. The deal is expected to close in the second quarter of 2012, Goldman said.

Eric S. Lane and Timothy...
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