SSgA Creates New Product Development Position

Sep 22 2006 | 12:00am ET

State Street Global Advisors has appointed Peter Leahy to the newly created position of chief product officer. In this role, Leahy will oversee product development from conception to market launch. He will also be responsible for regularly assessing and modifying SSgA’s existing products.

“In an environment where the search for alpha is accelerating, this position enables us to stay at the cutting edge of excellence in new product development,” said William Hunt, president and CEO of SSgA.

This year, SSgA introduced nine exchange-traded funds, various absolute return strategies including a customizable multi-alpha vehicle with nine underlying uncorrelated strategies, a commingled product for liability-focused investors and a variety of extension strategies in order to exploit value by loosening constraints on active managers.

Leahy has been with SSgA for 15 years, most recently as chief operating officer. He joined the company’s Global Structured Products group in 1991, managing it from 1996 to 2004.

Otello Sturino will assume the role of chief operating officer, while retaining responsibility for the group’s business in Canada, which he has managed since 2004.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.