| State Street Corp. is starting a hedge fund that will bet on macroeconomic events, part of an effort to expand its $2.37 trillion money-management arm beyond lower-paying passive strategies.
The strategy, which will be run by Michael Ho and Lisa O’Connor, will mostly make directional bets on and against stocks, bonds, currencies and commodities globally, confirmed Anne McNally, a spokeswoman for State Street. The bank seeded the fund with $50 million, and Hartford HealthCare’s pension and endowment added $33 million...............................................Full Article: Source
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