Provider Profiles
State Street Global Advisors
| 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. |
| Profile | |
| Business model§ | Proprietary/non-proprietary |
| Year entered into OCIO business | 1994 |
| No. of relationship managers/salespeople | 32 |
| No. of OCIO portfolio managers | 25 |
| OCIO % of total firm revenue | 10% |
| No. of clients, full discretion | 223 |
| Full Discretionary Assets | |
| Total full discretionary OCIO assets | $108.7b |
| Discretionary Assets by Fund Type | |
| Defined benefit | $72.8b |
| 401(k), 403(b) or other defined contribution plan | $13.9b |
| Endowments or foundation | $18.2b |
| Health care pools (board designated, funded depreciation) | $43mm |
| Other | $3.8b |
| §OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. OCIO + other: An open-architecture or manager-of-manager investment outsourcing platform as one of multiple business lines. Implemented consulting: A 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: An OCIO platform is something other than the types listed above. |