State Street Sells Hedge Fund Unit SSARIS
Posted on 11/18/2014
With some influential, large U.S. pensions like California Public Employees’ Retirement System (CalPERS) dumping hedge funds, the growth of smart beta products and increased regulation like Dodd-Frank, U.S. banks are being compelled to shed their hedge fund businesses. Boston-based State Street Corporation is selling its hedge fund business to the unit’s senior managers. State Street […]