Provider Profiles
State Street Global Advisors
| Profile | |
| Business Model§ | Proprietary/non-proprietary |
| Year Entered Into OCIO Business | 1994 |
| No. of Relationship Managers/Salespeople | 11 |
| No. of OCIO Portfolio Managers | 12 |
| OCIO % of Total Firm Revenue | 10% |
| No. of Clients, Full Discretion | 226 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $100.7b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $68.4b |
| 401(k), 403(b), Other DC | $24.8b |
| Endowments/Foundation | $4b |
| Healthcare Pools (Board designated, funded depreciation) | $0mm |
| Other | $3.6b |
| Portfolio Construction |
| State Street's OCIO approach is to build customized solutions for each clients’ objectives and preferences. We believe there is a role for both active and index investments in portfolios. Within an asset class, the portfolio construction and manager research teams utilize complementary investment strategies to create a dynamic portfolio with the best opportunity to achieve excess returns in any market environment. We believe in the use of market positioning as a way of generating excess returns. We believe the risk-reducing allocation within a portfolio is meant to behave like the interest rate and credit spread movements of the liability. |
| §OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. Other: OCIO Platform is something other than the 4 types listed above. |