Goldman Sachs to acquire Innovator Capital Management for $2bn.

Goldman Sachs, a global investment banking, securities and investment management firm, agreed to acquire Innovator Capital Management, an investment firm that specializes in creating exchange-traded funds that utilize options to provide built-in protection against market losses in exchange for capping potential gains, for $2bn. “Active ETFs are dynamic, transformative, and have been one of the fastest-growing segments in today’s public investment landscape. By acquiring Innovator, Goldman Sachs will expand access to modern, world-class investment products for investor portfolios. Innovator’s reputation for innovation and leadership in defined outcome solutions complements our mission to enhance the client experience with sophisticated strategies that seek to deliver targeted, defined outcomes for investors,” David Solomon, Goldman Sachs Chairman and CEO.