Alt Investments
What's New In Investments, Funds? – State Street
The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
State Street Global Advisors, part of US-headquartered State Street, is
launching a fund aiming to capture returns of hedge funds as a
broad asset class. The new entity is called the State Street
Global Alternative Beta Fund.
Hedge Fund Research’s HFRX Global Hedge Fund Index, a widely
known benchmark of performance of the $5 trillion-plus (AuM)
sector, is the reference for the fund.
The offering is registered in the UK, Ireland, the Netherlands,
Luxembourg, Sweden, Finland, Norway and Denmark. It has been
seeded with an initial £123 million ($160.9 million) investment
from Quilter Investors.
The aim of the new fund is to make access to hedge fund returns
more accessible to investors.
