Seligman bets on State Street

PORTFOLIO MANAGEMENT AND TRADING

NEW YORK--New York-based money manager J&W Seligman recently announced the expansion of its relationship with State Street Corporation, bringing on board the Boston-based vendor's investment operations outsourcing business to supply applications for its institutional portfolios via a new technology platform.

The new platform wraps workflow-messaging tools around proprietary State Street applications that include portfolio management, trade management, record keeping and accounting, corporate