State Street Investment Management (formerly State Street Global Advisors) has $5.66 trn in AUM (of which $3.59 trn is in equities), making it the fourth largest asset manager globally. It runs active to index strategies across all asset classes and employs over 500 portfolio managers, researchers and strategists, working in 10 investment centers and offices in 30 cities worldwide.
Esther Baroudy, managing director and senior portfolio manager in active fundamental equity, is based in State Street’s London office. She co-manages the Global Equity Select, Global Climate Transition and Global Sharia portfolios, working alongside her co-portfolio manager John Flynn, who also works as a senior portfolio manager in active fundamental equity.
Baroudy joined State Street Investment Management in 2016 through its acquisition of GE Asset Management, where she joined in 1996. She started her career at Credit Lyonnais Capital Markets in 1988.
She tells us more about current market volatility, State Street’s reputation for index investing and how AI is driving value in her portfolio.
Is it an interesting time to be a fund manager, given current geopolitics?
It’s very busy in terms of the market. It’s like a yo-yo at the moment. Yesterday, a huge rally and then today it’s quiet…