GE is selling the business, which traces its roots to the Fairfield, Conn.-based company's first pension plan in the 1920s, as it exits the majority of its finance businesses to focus on its industrial roots. Not only does selling it mesh well with CEO Jeffrey Immelt's current strategy, "asset management businesses have been going at a premium and there's huge demand," Ivan Feinseth, an analyst with Tigress Financial Partners, said in an interview.
via http://www.thestreet.com/story/13290305/1/ge-s-115-billion-pension-unit-may-fetch-premium-from-private-equity.html
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