State Street Research and Management will liquidate a small Athlete’s Fund next month after the product was hobbled by the departure of key executives who ran it. The fund was designed to cater to the investment needs of professional athletes.

State Street Corp., a rival, hired the executives away from the fund in an effort to launch a similar product, according to published reports.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.