Pension Fund Bites On State Street 130/30 Offering

Mar 27 2007 | 11:36am ET

Just a few weeks after announcing its new 130/30 strategy, Global Alpha Edge, State Street Global Advisors has reeled in a sizeable mandate for its new offering. The firm has been appointed to manage a £165 million global equity mandate by the Asda Group Pension Fund.

“UK pension funds continue to move toward global equity strategies and are currently focusing on increasing the alpha from their equity portfolios efficiently within a risk budgeting framework,” said Kanesh Lakhani, a senior managing director for SSgA in the UK.

According to State Street, Global Alpha Edge is one of the first Ucits III-compliant products to incorporate a 130/30 investment methodology, and is planned as the first in a range of investment products using the firm's Edge 130/30 methodology that it plans to rollout this year to UK and European institutional investors.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...