State Street Global Advisors of Boston has announced that it has set up a joint venture company with ABP, a Dutch pension fund, to invest in innovative investment management start-up companies.

The new company, State Street Global Alliance LLC, will give ABP access to a number of "top-performing, highly-focused players" in pension fund management, according to Jean Frijns, chief investment officer of ABP Investments of Amsterdam, which manages ABP's assets.

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