State Street Global Advisors Forms First Venture Of New "Global Alliance" Program

MANAGEMENT STRATEGIES

State Street Global Advisors, the money management arm of State Street Boston Corp., has formed a new venture to make private placements in companies from Eastern and Central Europe.

The venture, called European Direct Capital Management, is a partnership between State Street Global Advisors, which has nearly $300 billion in assets under management, and Emerging Europe Asset Management, a money manager based in Prague, the Czech Republic.

It is part of SSGA's new "Global Alliance" business, es

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