Provider Profiles
State Street Global Advisors
| Profile | |
| Business Model/Type§ | Proprietary/ non-proprietary |
| Year Entered Into OCIO Business | 1994 |
| No. of Relationship Managers/Salespeople | 10 |
| No. of OCIO Portfolio Managers | 63 |
| OCIO % of Total Firm Revenue | 5% |
| No. of Clients, Full Discretion | 226 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $105.5B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $103.2B |
| 401(k), 403(b), Other DC | $24MM |
| Endowments/Foundation | $132MM |
| Health Care | $2.1B |
| Other |
| Portfolio Construction |
State Street's OCIO approach is to build customized solutions to account for differences in each of their clients’ objectives and preferences. They believe there is a role for both active and index investments in a portfolio. Within an asset class, the portfolio construction and manager research teams will utilize complementary investment strategies to create a dynamic portfolio with the best opportunity to achieve excess returns in any market environment. They believe in the use of market positioning as a way of generating excess returns within portfolios. They 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. |