State Street’s Powers Seeks to Expand Active Money Management

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.

To contact the reporter on this story: Christopher Condon in Boston at ccondon4@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.