SSgA Expands Alternatives Offerings

Jul 21 2006 | 5:39pm ET

State Street Global Advisors has revealed that is has boosted its alternative strategies offerings and formed a new team to lead the expansion effort.

The firm, which has managed absolute return strategies for over a decade, this week announced a series of new strategies, including currency, long/short, market neutral, fixed-income arbitrage and equity hedge/directional. The new offerings have approximately $4 billion in assets under management.

The alternatives team, which is headed by Chris Woods, includes recent hires Jonathan Chanis, Henri Fouda, and Todor Georgiev, formerly of Caxton Associates, Mellon Capital Management and KBC Alternative Asset Management, respectively.

Woods and his team report to Sean Flannery, cio of North America and to Jane Tisdale, senior managing director of Absolute Return Strategies.


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