Goldman Sachs to Pay $2 Billion for ETF Issuer Innovator Capital

Goldman Sachs Group Inc. will pay $2 billion to buy Innovator Capital Management, a deal that combines the bank with an issuer of a relatively new type of exchange-traded funds...

By Emily Graffeo, Todd Gillespie, Katie Greifeld · Bloomberg

Goldman Sachs Group Inc. will pay $2 billion to buy Innovator Capital Management, a deal that combines the bank with an issuer of a relatively new type of exchange-traded funds that have caught the attention and ire of some on Wall Street.