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Goldman Sachs Asset Management to buy Pacific Life business


    NEW YORK (Reuters) - Goldman Sachs Group Inc's Asset Management plans to acquire the Pacific Global Advisors solutions business from Pacific Life Insurance Co , the company said on Thursday.

    The business provides investment and risk management services to institutional investors and has assets under supervision of more than $18 billion. Terms of the deal were not disclosed.

    (Reporting by Lauren Tara LaCapra; Editing by Grant McCool)