Feb. 9 (Bloomberg) -- Scott Powers, head of State Street Corp.’s investments unit, said the Boston-based company is looking to increase its active management business.
“We’re focused on broadening out our active capabilities,” Powers said during a presentation in New York to analysts. He said the company wouldn’t consider acquisitions in passive investing.
--Editor: Christian Baumgaertel
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To contact the reporter on this story: Christopher Condon in Boston at firstname.lastname@example.org
To contact the editor responsible for this story: Christian Baumgaertel at email@example.com -0- Feb/09/2012 19:01 GMT