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Rating:SSgA Posts a 9 Percent Drop in Investment Management Fees in Q4 Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 19, 2012

SSgA Posts a 9 Percent Drop in Investment Management Fees in Q4

News summary by MFWire's editors

State Street Corp. [see profile] yesterday unveiled 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." 

Edited by: HFD


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