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GE Explores Sale of Pension Manager Overseeing $115 Billion

By Tony Seruga

General Electric Co. is trying to sell the asset management arm that oversees the company’s pension plan as it continues to cut back on non-manufacturing operations.

GE wants “buyers that possess considerable experience managing retirement plan assets” as it looks to shed GE Asset Management, according to a statement Thursday. The unit has $115 billion under management, including the company’s own plans and portfolios of clients around the globe, GE said…

GE Explores Sale of Pension Manager Overseeing $115 Billion

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