BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced that it was awarded “Asset Manager of the Year” at the annual GlobalCapital Americas Derivatives Awards.

“We’re honored to be considered among the best-in-class for our commitment to our institutional clients,” said Dan Farley, chief investment officer of the investment solutions group at State Street Global Advisors. “Our derivatives team does an exceptional job leveraging all of our firm’s capabilities to deliver a thoughtful and precise combination of measured risk and management skill. We remain committed to this approach so that our clients can be in the optimal position to achieve their investment goals.”

As the third-largest asset manager in the world with $2.7 trillion in assets under management, State Street Global Advisors has four decades of experience managing derivatives-based portfolios. The firm oversees more than $190 billion in institutional client overlay strategies, offering clients global scale, established infrastructure and access to key industry relationships that are integrated into a collaborative portfolio management approach.

“State Street Global Advisors has once again demonstrated impressive commitment and expertise in using derivatives to achieve the best outcomes for its clients, as well as a passion for educating about their use as financial instruments, making the firm a clear winner of the Asset Manager of the year award,” said GlobalCapital’s editors.

GlobalCapital, a leading news, opinion and data service, in its annual awards program, acknowledges the companies, services and products that have improved the US, Canadian and Latin American markets over the last year. To choose the winners, GlobalCapital considers technological innovation, commitment to new markets, efficiency and liquidity along with improvements to market stability, client guidance and advocacy.

To learn more about State Street Global Advisors’ derivatives capabilities, visit www.ssga.com

About State Street Global Advisors

For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with nearly US $2.73 trillion* under our care.