Friday, January 28, 2005
Track Down SSARIS Guy from GBL H Club Event
January 25, 2005 10:32 AM US Eastern Timezone
SSARIS Advisors Exceeds $1 Billion in Assets under Management - Continued Growth in Europe and Asia
STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 25, 2005--SSARIS Advisors, LLC, an absolute return hedge fund and fund-of-funds manager and member of State Street Global Alliance, LLC, recently announced that its total assets under management have surpassed US$1 billion. State Street Global Alliance is a strategic venturing partnership jointly-owned by State Street Global Advisors (SSgA) and the Dutch pension fund ABP, one of the world's largest pension funds.
SSARIS Advisors provides a variety of non-correlated hedge fund strategies designed to provide absolute returns in any economic environment. SSARIS' hybrid business model of combining hedge funds and fund-of-fund management, coupled with its length of operating history and daily risk management platform, makes SSARIS well-positioned to provide quality institutional hedge fund services.
"Surpassing $1 billion in assets is a significant achievement for SSARIS and a mark of success in the hedge fund industry," said Mark Rosenberg, chairman and chief investment officer of SSARIS. "We believe that our focus on institutional quality management, transparency and fiduciary diligence, coupled with our partnership with State Street Global Alliance, forms a significant competitive advantage in addressing the absolute return needs of our investors."
Founded in 2001, State Street Global Alliance LLC seeks out innovative asset management firms that complement SSgA's existing investment strategies and offer value-added performance to ABP's pension plan assets.
"We have successfully leveraged our strategy of building style-specific funds-of-funds to meet investors' individual needs and combining funds for a diversified approach," said Jim Tomeo, chief operating officer of SSARIS. "We look forward to continuing our success as we further expand our institutional client base in Japan, Europe and throughout Southeast Asia."
About SSARIS Advisors, LLC
SSARIS Advisors, LLC is a majority-owned subsidiary of State Street Global Alliance, LLC. The mission of SSARIS is to design, structure and implement absolute return investments for institutional investors. SSARIS is an SEC registered investment advisor under the Investment Advisers Act of 1940 and is registered with the CFTC. The company is located in Stamford, CT and works with SSgA offices worldwide in the distribution and servicing of hedge fund products.
About State Street Global Alliance LLC
State Street Global Alliance, LLC, founded in 2001, is the strategic venturing partnership jointly owned by State Street Global Advisors and one of the world's largest pension funds, Stichting Pensioenfonds ABP (ABP). State Street Global Alliance seeks to develop partnerships with innovative asset managers worldwide to develop investment excellence and innovation with growth rates in excess of industry averages. State Street Global Alliance currently consists of six majority owned companies and two minority investments. For more information, visit www.ssgaglobalalliance.com.
About State Street Global Advisors
State Street Global Advisors, the investment management group of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.4 trillion in investment programs and portfolios, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 28 cities worldwide.
Contacts
State Street Corporation
Arlene Roberts, 617 664 3933
SSARIS Advisors Exceeds $1 Billion in Assets under Management - Continued Growth in Europe and Asia
STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 25, 2005--SSARIS Advisors, LLC, an absolute return hedge fund and fund-of-funds manager and member of State Street Global Alliance, LLC, recently announced that its total assets under management have surpassed US$1 billion. State Street Global Alliance is a strategic venturing partnership jointly-owned by State Street Global Advisors (SSgA) and the Dutch pension fund ABP, one of the world's largest pension funds.
SSARIS Advisors provides a variety of non-correlated hedge fund strategies designed to provide absolute returns in any economic environment. SSARIS' hybrid business model of combining hedge funds and fund-of-fund management, coupled with its length of operating history and daily risk management platform, makes SSARIS well-positioned to provide quality institutional hedge fund services.
"Surpassing $1 billion in assets is a significant achievement for SSARIS and a mark of success in the hedge fund industry," said Mark Rosenberg, chairman and chief investment officer of SSARIS. "We believe that our focus on institutional quality management, transparency and fiduciary diligence, coupled with our partnership with State Street Global Alliance, forms a significant competitive advantage in addressing the absolute return needs of our investors."
Founded in 2001, State Street Global Alliance LLC seeks out innovative asset management firms that complement SSgA's existing investment strategies and offer value-added performance to ABP's pension plan assets.
"We have successfully leveraged our strategy of building style-specific funds-of-funds to meet investors' individual needs and combining funds for a diversified approach," said Jim Tomeo, chief operating officer of SSARIS. "We look forward to continuing our success as we further expand our institutional client base in Japan, Europe and throughout Southeast Asia."
About SSARIS Advisors, LLC
SSARIS Advisors, LLC is a majority-owned subsidiary of State Street Global Alliance, LLC. The mission of SSARIS is to design, structure and implement absolute return investments for institutional investors. SSARIS is an SEC registered investment advisor under the Investment Advisers Act of 1940 and is registered with the CFTC. The company is located in Stamford, CT and works with SSgA offices worldwide in the distribution and servicing of hedge fund products.
About State Street Global Alliance LLC
State Street Global Alliance, LLC, founded in 2001, is the strategic venturing partnership jointly owned by State Street Global Advisors and one of the world's largest pension funds, Stichting Pensioenfonds ABP (ABP). State Street Global Alliance seeks to develop partnerships with innovative asset managers worldwide to develop investment excellence and innovation with growth rates in excess of industry averages. State Street Global Alliance currently consists of six majority owned companies and two minority investments. For more information, visit www.ssgaglobalalliance.com.
About State Street Global Advisors
State Street Global Advisors, the investment management group of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.4 trillion in investment programs and portfolios, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 28 cities worldwide.
Contacts
State Street Corporation
Arlene Roberts, 617 664 3933
# posted by Tom @ 7:09 AM 
