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UK coal workers scheme removes £4.8bn in funds from GSAM

The £10bn (€14.4bn) British Coal Superannuation Scheme has removed funds worth £4.8bn from Goldman Sachs Asset Management (GSAM) and handed them to seven other managers.

GSAM has kept £2.2bn of actively managed assets, representing 25% of the fund. GSAM remains the scheme's largest active manager.

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