State Street Global Advisors Named Nonprofit Equity Manager of the Year
November 08 2006 - 3:26PM
Business Wire
State Street Global Advisors (SSgA), the investment management arm
of State Street Corporation (NYSE: STT), announced today that it
has been named Nonprofit Equity Manager of the Year by Foundation
and Endowment Money Management in its 2006 Nonprofit Awards for
Excellence, held in conjunction with Alternative Investment News
and the Information Management Network. The award recognizes
innovative investment strategies, service to nonprofit clients,
investment performance, and an organization�s efforts to provide
solutions tailored to nonprofit investors. SSgA was honored for its
growth in nonprofit assets, its experienced nonprofit
client-service team and the success of several investment
strategies utilized by nonprofit clients, including 130/30,
International Alpha, International Alpha Select and Active Emerging
Markets strategies. �This distinction as Nonprofit Equity Manager
of the Year underscores our commitment to a collaborative approach
in our client service and in the development of innovative
investment strategies,� said Toby Seggerman, head of SSgA�s
nonprofit client service team. �We continue to deliver superior
excess returns in a risk-controlled framework. Our clients have
found the consistency of those strategies to be a valuable
component of their investment portfolios.� With a team of five
nonprofit client service professionals, SSgA generated $3.9 billion
in net new assets from nonprofits in 2005, tripling the 2004
figures. Increased appetite for SSgA�s active international,
emerging market equity, real asset and Edge strategies (also called
130/30), have attracted strong investor interest. The Edge
strategies exploit the value of loosening investment constraints on
active managers. SSgA currently has more than $3.9 billion (in nine
portfolios) in assets under management for its Edge strategies.
�SSgA's approach seems to be more about educating clients, rather
than selling product,� said Jeff Engleson, investment director at
the North Dakota Land Department. �And once they have an educated
client, the logic and consistency of their various investment
approaches makes so much sense that it is hard not to consider them
for a mandate.� Winners of the 2006 Nonprofit Awards for Excellence
are featured in the November issue of Foundation and Endowment
Money Management. For more information, please visit
www.foundationendowment.com. About State Street Global Advisors
State Street Global Advisors, the investment management arm of
State Street Corporation, delivers investment strategies and
integrated solutions to clients worldwide across every asset class,
investment approach and style. With $1.6�trillion in assets under
management as of September 30, 2006, State Street Global Advisors
has investment centers in Boston, Hong Kong, London, Milan,
Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and
offices in 25 cities worldwide. For more information, visit State
Street Global Advisors at www.ssga.com. State Street Global
Advisors (SSgA), the investment management arm of State Street
Corporation (NYSE: STT), announced today that it has been named
Nonprofit Equity Manager of the Year by Foundation and Endowment
Money Management in its 2006 Nonprofit Awards for Excellence, held
in conjunction with Alternative Investment News and the Information
Management Network. The award recognizes innovative investment
strategies, service to nonprofit clients, investment performance,
and an organization's efforts to provide solutions tailored to
nonprofit investors. SSgA was honored for its growth in nonprofit
assets, its experienced nonprofit client-service team and the
success of several investment strategies utilized by nonprofit
clients, including 130/30, International Alpha, International Alpha
Select and Active Emerging Markets strategies. "This distinction as
Nonprofit Equity Manager of the Year underscores our commitment to
a collaborative approach in our client service and in the
development of innovative investment strategies," said Toby
Seggerman, head of SSgA's nonprofit client service team. "We
continue to deliver superior excess returns in a risk-controlled
framework. Our clients have found the consistency of those
strategies to be a valuable component of their investment
portfolios." With a team of five nonprofit client service
professionals, SSgA generated $3.9 billion in net new assets from
nonprofits in 2005, tripling the 2004 figures. Increased appetite
for SSgA's active international, emerging market equity, real asset
and Edge strategies (also called 130/30), have attracted strong
investor interest. The Edge strategies exploit the value of
loosening investment constraints on active managers. SSgA currently
has more than $3.9 billion (in nine portfolios) in assets under
management for its Edge strategies. "SSgA's approach seems to be
more about educating clients, rather than selling product," said
Jeff Engleson, investment director at the North Dakota Land
Department. "And once they have an educated client, the logic and
consistency of their various investment approaches makes so much
sense that it is hard not to consider them for a mandate." Winners
of the 2006 Nonprofit Awards for Excellence are featured in the
November issue of Foundation and Endowment Money Management. For
more information, please visit www.foundationendowment.com. About
State Street Global Advisors State Street Global Advisors, the
investment management arm of State Street Corporation, delivers
investment strategies and integrated solutions to clients worldwide
across every asset class, investment approach and style. With $1.6
trillion in assets under management as of September 30, 2006, State
Street Global Advisors has investment centers in Boston, Hong Kong,
London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo
and Zurich, and offices in 25 cities worldwide. For more
information, visit State Street Global Advisors at www.ssga.com.
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