Funds Management News
State Street Corporation to acquire GE Asset Management
InvestorDaily
In a statement, State Street said its acquisition of GE Asset Management (GEAM) will boost State Street Global Advisors’ (SSGA) assets under management by approximately $100 billion.
SSGA chief executive and president Ron O’Hanley said: “GEAM will bring new alternatives capabilities in direct private equity and real estate to SSGA while enhancing our existing active fundamental equity, active fixed income and hedge fund teams.”
According to GEAM president and chief executive Dmitri Stockton, the acquisition will combine the capabilities of two “leading” asset management firms.
the rest of this article can be found at investordaily.com.au.
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