This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

State Street Global Advisors Awarded £1.4 Billion Mandate By Merseyside Council

State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE:STT), has announced today that it has been appointed by Merseyside Council to manage £1.4 billion in assets of its pension fund, bringing the assets SSgA manages for the Local Authority sector to more than £7 billion.

Merseyside Council has selected SSgA’s Managed Pension Funds Limited (MPF) fund, a UK-domiciled pooled fund vehicle for pension fund investors, for this mandate. MPF offers a suite of pooled funds across the major asset classes and provides investors with cost-effective access to a broad range of investment strategies. The assets from this latest mandate will be allocated among passive UK, North America and Index-Linked Gilt funds within the firm’s Managed Pension Fund vehicle.

Paddy Dowdall, investment manager at Merseyside Council said, “SSgA is a leading index manager and having thoroughly reviewed its service, we believe it offers the most attractive investment solution for managing this mandate in terms of quality and price. We selected SSgA for several reasons, including its high performance levels, broad range of services and strong risk controls and we are delighted to be working with them for this mandate.”

Susan Raynes, head of SSgA’s UK, Middle East and Africa (UKMEA) business, added, “We are committed to providing the Local Authority sector with an array of investment management solutions to guide them through the many challenges and opportunities the industry faces. We are extremely pleased Merseyside Council has selected SSgA’s MPF fund for this mandate and look forward to building our relationship.”

About State Street Global Advisors

State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street Corporation, one of the world’s leading providers of financial services to institutional investors.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs