Goldman Sachs Asset Management, which is being sued for negligence by one of its former clients in the Netherlands, still has the confidence of consultants who pick fiduciary managers for pension funds - suggesting its business may not be fatally wounded by the case.

Pensioenfonds Vervoer, an €11bn fund for Dutch transport workers, said last week it was suing GSAM for €250m regarding certain investments made in 2007 and 2009, according to Walter Brand, chief executive. It filed its claim in the Commercial Court, a division of London's High Court, on Monday. Lawyers Brown Rudnick are acting for Vervoer.