Boston-based State Street Global Advisors is reportedly aiming to expand its hedge fund business and may quadruple its staff, which currently stands at 10. According to media reports, the new hires would be based in the firm's London offices.
SSgA's hedge fund business currently has $3 billion in assets under management. Chris Woods, who heads SSgA's London team, told Financial News he is looking at hiring both individual hedge fund managers, management teams and proprietary traders. Calls to SSgA were not returned by press time.