Last month, State Street Global Advisors revealed numerous changes meant to modify its core teams in the traditional asset space. This included a merger of its active quantitative and enhanced equity teams, as well as an expansion of its fixed income and cash units to "extend further on the credit spectrum," according to the June 19 announcement.
Specifically, SSgA's fixed income and cash teams will be combined under one umbrella and Steve Meier, chief investment officer of the cash unit, will head the group as chief investment officer of fixed income and cash. Secondly, Ali Lowe, chief investment officer of global equities, departs at the end of 2013 as part of proposed changes to its active quantitative developed and enhanced equity efforts. Current Global Enhanced Equity Head Ted Gekas will lead the new team as global head of active quantitative equity and CIO.