US - The Pension Benefit Guaranty Corp. has terminated the combined US$2.5bn mandates awarded to BlackRock, Goldman Sachs Asset Management and JPMorgan, but denies the move is a result of controversy surrounding the appointments.
The firms were hired to run private equity and real estate mandates. But the hires came under scrutiny when it was alleged that Charles Millard, the former PBGC director, ignored the black-out peri...
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