State Street Corp. [see profile]
its Q4 2011 results.
State Street's investment management unit, State Street Global Advisors
, generated $202 million in investment management fees during the final quarter of 2011. That's down nine percent from $221 million in the year-ago period.
Company officials said the decrease in management fees "reflected outflows in cash, fixed income, and active equities, amid the turmoil in Europe, offset partially by the impact of an acquisition."
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