Wealth and Asset Management
State Street to Sell Hedge Fund Business in Management Buyout
State Street Corp. (STT) is selling its hedge fund investing business to the unit’s senior management. SSARIS Advisors LLC and State Street’s asset management unit, State Street Global Advisors, “have decided to end their affiliate relationship,” according to a Nov. 12 client letter co-signed by SSARIS Chief Executive Officer Paul…
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Click here to read the full story: Bloomberg