Entering its 23rd consecutive year together, the Trust for Credit Unions mutual fund family recently renewed its long-time partnership with Goldman Sachs Asset Management.
Callahan Financial Services, a wholly-owned subsidiary of Callahan and Associates, is the distributor of the TCU mutual funds, a group of institutional mutual funds offered exclusively to credit unions. In 1987, TCU's founding year, there were more than 16,300 credit unions managing $71.2 billion in investments, according to Callahan Financial Services. Today there are 7,700 credit unions managing $282 billion investments.
The TCU and Goldman Sachs alliance was renewed at the mutual fund group's annual conference in New York. Goldman Sachs has served as the funds' only investment advisor since its inception.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.