We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
STT's Unit Partners With Bridgewater to Enhance Alternative Strategies
Read MoreHide Full Article
State Street Corp.’s (STT - Free Report) asset management arm, State Street Global Advisors has joined forces with Bridgewater Associates LP, to boost its core alternative investment strategies.
Rationale Behind STT’s Collaboration
Alternatives continue to be a lucrative investment option for investors to enjoy greater diversification and attractive returns. Per a State Street Global Advisors ETF Impact Report 2024, 45% of institutional investors globally intend to increase their allocations toward alternative investments in the next 12 months. Further, 41% of U.S. financial advisors plan to suggest their clients to increase allocations.
Anna Paglia, chief business officer at State Street Global Advisors, stated, “Bridgewater is known for its 40-year history of delivering resilient, diversified portfolios and insights to many sophisticated institutional global investors, including innovative approaches to strategic asset allocation. We are excited that this strategic relationship will now bring that portfolio construction expertise to retail investors as well.”
Hence, the partnership aligns with State Street’s growth strategy to strengthen its fee income. This September, the company collaborated with Apollo Global Management and its affiliates to enhance investors' accessibility to private market opportunities.
Further, in August, the company announced an investment in Raiz Invest Limited to grow customers’ wealth by helping them save and invest. The company has also partnered with Taurus SA, to enhance its digital asset solutions.
STT’s Zacks Rank & Price Performance
Year to date, shares of State Street have risen 22.3% compared with the industry’s 30.6% growth.
Strategic Collaborations Pursued by Other Finance Firms
Earlier this month, AllianceBernstein L.P. (AB - Free Report) entered into a partnership with Reinsurance Group of America, Incorporated (RGA - Free Report) to expand its insurance business.
AB has been selected as one of the leading investors in Ruby Reinsurance Company, a reinsurance sidecar vehicle sponsored by RGA. It focuses on the U.S. asset-intensive market. AB plans to manage private alternative assets for RGA’s general account through this transaction.
Similarly, Tradeweb Markets Inc. (TW - Free Report) has announced a partnership with the Tokyo Stock Exchange to enhance liquidity for institutional investors in Japanese exchange-traded funds (ETFs).
This complements TW’s offering that allows its buy-side traders to transact Asia, Europe and U.S.-listed ETFs, enjoying multi-dealer liquidity, enhanced pre-trade transparency and lucrative pricing.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
STT's Unit Partners With Bridgewater to Enhance Alternative Strategies
State Street Corp.’s (STT - Free Report) asset management arm, State Street Global Advisors has joined forces with Bridgewater Associates LP, to boost its core alternative investment strategies.
Rationale Behind STT’s Collaboration
Alternatives continue to be a lucrative investment option for investors to enjoy greater diversification and attractive returns. Per a State Street Global Advisors ETF Impact Report 2024, 45% of institutional investors globally intend to increase their allocations toward alternative investments in the next 12 months. Further, 41% of U.S. financial advisors plan to suggest their clients to increase allocations.
Anna Paglia, chief business officer at State Street Global Advisors, stated, “Bridgewater is known for its 40-year history of delivering resilient, diversified portfolios and insights to many sophisticated institutional global investors, including innovative approaches to strategic asset allocation. We are excited that this strategic relationship will now bring that portfolio construction expertise to retail investors as well.”
Hence, the partnership aligns with State Street’s growth strategy to strengthen its fee income. This September, the company collaborated with Apollo Global Management and its affiliates to enhance investors' accessibility to private market opportunities.
Further, in August, the company announced an investment in Raiz Invest Limited to grow customers’ wealth by helping them save and invest. The company has also partnered with Taurus SA, to enhance its digital asset solutions.
STT’s Zacks Rank & Price Performance
Year to date, shares of State Street have risen 22.3% compared with the industry’s 30.6% growth.
Image Source: Zacks Investment Research
Currently, STT sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Strategic Collaborations Pursued by Other Finance Firms
Earlier this month, AllianceBernstein L.P. (AB - Free Report) entered into a partnership with Reinsurance Group of America, Incorporated (RGA - Free Report) to expand its insurance business.
AB has been selected as one of the leading investors in Ruby Reinsurance Company, a reinsurance sidecar vehicle sponsored by RGA. It focuses on the U.S. asset-intensive market. AB plans to manage private alternative assets for RGA’s general account through this transaction.
Similarly, Tradeweb Markets Inc. (TW - Free Report) has announced a partnership with the Tokyo Stock Exchange to enhance liquidity for institutional investors in Japanese exchange-traded funds (ETFs).
This complements TW’s offering that allows its buy-side traders to transact Asia, Europe and U.S.-listed ETFs, enjoying multi-dealer liquidity, enhanced pre-trade transparency and lucrative pricing.