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State Street’s asset management arm is looking to buy a stake in a private credit or infrastructure manager, as one of the world’s largest passive fund managers tries to boost its presence in the fast-growing realm of alternative assets.
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“We are shopping” for either a full acquisition or a minority stake combined with product partnerships, Yie-Hsin Hung, chief executive of State Street Global Advisors (SSGA), told the Financial Times.
https://www.ft.com/content/4eb93b34-6eb1-4e4a-a3c6-92357524a92b
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