State Street Global Exchange™ to Provide Risk Management Services for Fiera Capital
January 05 2017 - 12:00PM
Business Wire
State Street Corporation (NYSE:STT) today announced that it will
provide daily risk, performance and attribution, liquidity
measurement and reporting services for Fiera Capital Inc., the US
division of Fiera Capital Corporation. Fiera is a global asset
management firm with US $80 billion (over CAD $110 billion) in
assets under management. The services will be delivered through
truView®, State Street Global Exchange's multi-asset class
enterprise risk management platform.
A recent State Street study, in partnership with the Alternative
Investment Management Association, found that more than
three-fifths of institutional investors, asset managers and hedge
funds surveyed say current market liquidity conditions have
impacted their investment management strategy, with nearly a third
rating this impact as significant, and many are reassessing how
they manage risk in their investment portfolios1.
“We are thrilled to be working with an entrepreneurial firm like
Fiera Capital,” said Lou Maiuri, executive vice president and head
of State Street’s Global Exchange and Global Markets businesses.
“Now more than ever, institutional investors are looking for new
and innovative tools to help them achieve their goals. We believe
our technology, and liquidity and risk solutions make State Street
well positioned to help support clients like Fiera Capital in our
current economic environment, and we look forward to developing a
long-term partnership.”
truView provides an online, end-to-end risk solution with broad
multi-asset class coverage that includes data collection, exception
handling and calculating of risk results. State Street recently
enhanced the truView offering with Factor-Risk Modelling and Data
from more than 4,000 ETFs to offer clients a more insightful view
of how market forces may influence their portfolio.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $29 trillion in assets under
custody and administration and $2.4 trillion* in assets under
management as of September 30, 2016, State Street operates in more
than 100 geographic markets worldwide, including the US, Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
* Assets under management were $2.4 trillion as of September 30,
2016. AUM reflects approx. $40 billion (as of September 30, 2016)
with respect to which State Street Global Markets, LLC (SSGM)
serves as marketing agent; SSGM and State Street Global Advisors
are affiliated.
All information has been obtained from sources believed to be
reliable, but its accuracy is not guaranteed. There is no
representation or warranty as to the current accuracy, reliability
or completeness of, nor liability for, decisions based on such
information and it should not be relied on as such.
Exp. Date: 12/31/17
CORP-2489
1 Research was made up of a quantitative survey conducted by
Longitude Research, and qualitative interviews with key industry
participants. A total of 300 respondents were surveyed, comprising
150 asset managers and 150 asset owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20170105006038/en/
State Street CorporationJulie Kane,
617-664-3001jekane@statestreet.com@StateStreet
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