July 1, 2016 - News

Evercore Trust served as Independent Fiduciary in sale of GE Asset Management to State Street, which closed July 1st

GE announced that it completed the sale of GE Asset Management (GEAM) to State Street Corporation.  With $110 billion in assets under management as of December 31, 2015, GEAM is a global asset manager responsible for managing investments for GE’s U.S. pension and other benefit plans for over 80 years and more than 100 institutional clients.  Evercore Trust served as the independent fiduciary responsible for reviewing the transaction and approving the engagement of State Street Global Advisors to manage the assets related to the GE Pension Trust managed by GEAM.

For further details, please click here for the General Electric press release.