Risk.net

SSgA expands alternative strategies

State Street Global Advisors (SSgA) has expanded its alternative strategies through several new initiatives, including the broadening of its absolute return strategies, new hires and entering into a licence for dynamic allocation software.SSgA has managed absolute return strategies since the early 1990s. The strategies, totalling $4 billion in assets as of March 31, include currency, long/short, market neutral, fixed-income arbitrage and equity hedge/directional strategies.