Wednesday, 26 November 2014
Last updated 4 hours ago
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.
Nov 4 2014 | 9:45am ET
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