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State Street Global Advisors Launches Canadian Alpha Edge


Date: Friday, March 27, 2009
Author: State Street

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT), today announced the launch of its new Canadian Alpha Edge strategy.

 

 Canadian Alpha Edge builds on SSgA’s suite of Edge strategies, SSgA’s version of extension strategies also widely known as ‘130/30,’ that seeks to provide the best of long-only and long-short approaches. Specifically, the strategy takes short positions up to 30 percent, which in turn fund an additional 30 percent of long positions, thereby maintaining net market exposure at 100 percent. Canadian Alpha Edge aims to outperform the S&P/TSX Composite Index over the long-term by a range of three to four percent. 

 

 “Investors are searching for ways to achieve greater performance from their equity portfolios,” said Dawn Jia, head of the active and enhanced equity team for State Street Global Advisors, Ltd (Canada). “By incorporating both long and short positions, our Canadian Alpha Edge strategy is designed to enable investors to benefit from stocks we expect to outperform as well as those we expect to underperform.”

 

SSgA has established itself as an industry leader in providing extension or “Edge” strategies. The company has been ranking stocks from best to worst for more than two decades, forming opinions on virtually every investable stock in the world. SSgA’s risk-controlled equity strategies cover the spectrum from enhanced strategies to long-short investment solutions.

 

“We are delighted to add this new strategy to our existing offerings,” said Peter Lindley, head of investments for State Street Global Advisors, Ltd. (Canada). “Our emphasis on local portfolio management experience in Toronto and Montreal combined with the ability to leverage SSgA’s global intellectual capital make us well positioned to meet our clients’ evolving needs in a dynamic market.”

 

Canadian Alpha Edge is available globally. 

 

About State Street Global Advisors

State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT), delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.4 trillion in assets under management at December 31, 2008, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toronto and Zurich, and offices in 27 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.


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