State Street hits $100 billion mark
State Street Global Advisors, the investment management arm of State Street Corporation, has announced it now has $100 billion in assets under management for its currency strategies. The company says its currency AUM have more than doubled over the last three years, which it says reflects the increasing importance of FX strategies to pension fund managers.
“The substantial increase in international investments by pension schemes, coupled with the alpha generating opportunities in active currency management, have resulted in a significant increase in the importance of currency management strategies for pension schemes worldwide. Demand for currency management has come from our clients across the globe, reflecting the increased global importance of both passive and active currency capabilities,” said Collin Crownover, head of currency management at State Street Global Advisors, in a press release.