State Street-ABP J.V. Seeks To Grow

Dec 12 2006 | 1:28pm ET

State Street Global Alliance, the family of early-stage asset management firms jointly owned by State Street Global Advisors and Dutch public pension fund Stichting Pensioenfonds ABP, is planning to add to its stable of seven portfolio companies with $100 million commitment of acquisition capital and $1 billion in seed capital.

“ABP, together with SSgA, recognized very early that the smaller, niche firms offering non-traditional strategies are often where the greatest opportunities lie for value creation,” ABP’s chief investment officer for alternatives, Paul Spijkers, said in a statement.

The venture is a sort of asset management private equity firm, investing in young asset management companies in an effort to produce p.e.-like returns.

State Street Global Advisors, the investment management arm of State Street Corporation. The firm is managing some $1.6 trillion in assets as of the end of September.

ABP is the pension fund for employers and employees in service of the Dutch government and the educational sector. With an invested capital of more than euro 200 billion, ABP is the third largest pension fund in the world.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

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.