State Street Nabs Hedge Fund Manager For Credit Post

Nov 6 2006 | 12:19pm ET

State Street has picked a credit hedge fund manager to run its fixed-income research and trading arm.

William Cunningham, the founder of Connecticut-based BreakAway Capital Advisors, is joining Boston-based State Street Global Markets as senior vice president of fixed-income research. The hire is part of State Street’s strategy to build its fixed-income capacities to attract institutional clients.

Cunningham’s “more than 20 years of experience will be a significant asset in our ability to provide our clients with unique insights in to the global bond market,” said his new boss, global hedge of fixed-income research, sales and trading Mark Marinella. “His appointment also demonstrates our ability to attract top talent.”

Before founding BreakAway, Cunningham worked at JPMorgan, Merrill Lynch and FTN Financial Securities.

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