State Street Buys Quant Firm, Will Adopt Quantitative Strategy


When State Street Bank acquired a majority interest in Advanced Investment Technology of Clearwater, FL, last month, it picked up much more than a small team of expert fund managers, it also gained the rights to the firm's quantitative analytical techniques that the bank hopes will push its portfolios to outperform the market.

The price of the purchase has not been disclosed, but as part of the acquisition, State Street is creating a research lab that will be directed by AIT's chief executive

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Waters Wrap: GenAI and rising tides

As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here