Goldman Sachs Asset Management will acquire Mumbai-based Benchmark Asset Management Company. Terms of the deal have not been disclosed and no exact time period was specified for when the deal will close other than "later in the year".
Benchmark has been in business for about a decade. According to Goldman Sachs, which currently has a team of eight based out of Mumbai, Benchmark has the largest market share and assets under management (about $700 million) for Exchange Traded Funds (ETFs) in India
The SEC takes a definitive stance on the status of cryptocurrencies; the idea of privacy consistently changes with the introduction of new technologies.Subscribe to Weekly Wrap emails