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Dwight Asset Management sold

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By WCAX News - bio | email
BURLINGTON, Vt. -

A Vermont company that manages billions for large investors has been sold.

Dwight Asset Management was founded in Burlington almost 30 years ago. Today, it employs about 100 people in its downtown headquarters. The company handles investments for corporations, insurance companies, retirement funds and foundations. It currently manages about $42 billion.

Dwight's parent company, Old Mutual Asset Management, has now sold the company to Goldman Sachs for an undisclosed price. No word on what impact the sale might have on local employees.

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