STATE STREET RESEARCH AWARDED NEW INSTITUTIONAL BUSINESS FROM AUTOMOTIVE INDUSTRIES PENSION TRUST
BOSTON, MA, February 12, 2001- State Street Research & Management Company,with a 77-year history of managing money for institutional investors,announced today that it has been selected by the Automotive IndustriesPension Trust for a Small Cap Value Equity mandate of $55 million.The Automotive Industries Pension Trust is a multi-employer trust consistingof approximately 900 employers involved with servicing the automotiveindustry. The Trust's board consists of representatives of the followingunions: Teamsters, Painters and Machinist, as well as Managementrepresentatives for the employers. "Our commitment to servicing the unique needs of our Taft-Hartley prospectsand clients remains at the forefront of our goals and objectives for thefirm," said Steve Loizeaux, Vice President, Taft-Hartley Markets at StateStreet Research & Management.
"We are extremely excited about this opportunity. The firm's small capvalue team has nearly 40 years of industry experience and a legacy ofproviding clients with superior money management," said Chris Abbott,Executive Vice President, Head of Institutional Marketing and ClientService.
State Street Research & Management Company, with a money managementhistory dating back to 1924, is one of the nation's first investmentmanagement organizations. The Boston-based firm is a subsidiary of MetLife,one of the world's largest financial services companies. As of December 31,2001, State Street Research managed $46.2 billion in assets, of which $28.5billion represented institutional clients and $17.7 billion representedmutual fund and variable annuity portfolios. The firm has managed pensionmoney for many of the largest U.S. corporate pension plans for over 30years. State Street Research also manages money for union retirementprograms, public employee pension plans, mutual funds for over 576,000shareholder accounts, as well as individually managed accounts for affluentinvestors. The firm's Institutional Web site address iswww.ssrinstitutional.com .
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