Goldman Acquiring Dwight Asset Management

Goldman Sachs Asset Management (GSAM) is acquiring Dwight Asset Management (Dwight) from Old Mutual Asset Management (OMAM).  

“For OMAM, the transaction will free up capital to redeploy into our global distribution and asset management franchise,” said Peter L. Bain, OMAM’s chief executive officer. “We remain committed to building our multi-boutique business around long-term, institutionally-driven, active asset management.”

Subject to certain conditions, Dwight is expected to become a part of GSAM in the second quarter of 2012.