State Street Global Advisors and Barclays Quantitative Portfolio Strategy Announce Collaboration on Active Systematic Fixed Income Strategies
October 13 2022 - 7:00AM
Business Wire
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced a
collaboration with Barclays’ Research business through which State
Street Global Advisors will develop and manage a suite of active
systematic fixed income strategies.
Through the collaboration, State Street Global Advisors will
develop and manage investment products and strategies, leveraging
data sourced from systematic strategy indices created by Barclays
Quantitative Portfolio Strategy (Barclays QPS) team.
“By collaborating with Barclays’ QPS team, we will be able to
create a suite of active fixed income products that leverage the
strengths of our respective organizations and speak to the future
of fixed income,” said Matthew Steinaway, chief investment officer
- fixed Income, cash and currency at State Street Global
Advisors.
“Over the past decade, fixed income securities have traded more
efficiently and with greater liquidity,” Steinaway continued.
“Nearly half the respondents in our recently published Future of
Fixed Income report believe that increasingly efficient markets are
making it harder for active strategies to add value.”
Against this backdrop, systematic fixed income strategies and
products – in which alpha is driven by intensive data analysis used
to uncover mis-pricings – offer a compelling alternative for
investors seeking active outcomes in fixed income, and are poised
for growth. State Street Global Advisors’ The Future of Fixed
Income report found that 91 percent of institutional investors had
an appetite to use systematic fixed income strategies over the next
12 months, with investment grade and high yield corporate credit
among the most attractive segments.
“We are delighted to be collaborating with State Street Global
Advisors on this innovative approach,” said Jeff Meli, head of
research at Barclays. “By combining the disciplined portfolio
management strength of State Street Global Advisors with the
research strength of Barclays QPS, the collaboration will play to
the core strengths of both institutions, enabling investors to
benefit from innovative systematic fixed income strategies.”
State Street Global Advisors has over $1 trillion in
fixed income, cash and currency assets under management, including
approximately $500 billion in indexed fixed income[1], where a deep
understanding of fixed income market risk and liquidity are
combined with advanced trading and portfolio construction expertise
to deliver on client objectives. The firm brings a long history of
product innovation in fixed income, systematic investing, and a
global distribution network to the collaboration.
Barclays QPS is a leader in quantitative portfolio
research. The team has been top-ranked by the Institutional
Investor Fixed-Income Research Team survey and has authored four
books on systematic investing. Over the past three decades,
Barclays QPS developed proprietary methodologies used in the
management of fixed income portfolios, including innovative
measures of credit portfolio risk that have become industry
standard.
A1 $1.04 trillion FICC, $499.1 billion index FI AUM as of 30
June 2022
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Luke O’Mahony (EMEA) +44 7759 067914
lomahony@statestreet.com
Randall Jensen (North America) +1 (929) 244-3768
rjensen@statestreet.com
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