Goldman, Neos Discuss $2.3 Billion Deal

Bryon Lake, chief transformation officer and global head of third party wealth at Goldman Sachs Asset Management, and Troy Cates, co-founder of Neos Investments, discussed the transaction on Bloomberg's "ETF IQ." Goldman Sachs Asset Management agreed to pay as much as $2.25 billion to acquire Neos Investments, a move that expands its presence in the actively managed exchange-traded fund market.

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