State Street

SWITZERLAND - State Street has acquired Swiss investment performance measurement and analytics firm Complementa Investment-Controlling AG.

Rachel Alembakis finds superannuation funds are holding off on large-scale changes to investment strategies, at least for now

US - The growth of the US ETF market is likely to be driven by active ETFs as a number of potential new issuers are seeking to list them, according to the New York Stock Exchange.

GLOBAL - Figures from State Street reveal investor confidence declined to 89.6 in August, down 12.9 from July after a volatile month led to the most substantial decline since October 2008.

APG Group; BNY Mellon; Dreyfus Corporation; Northern Trust; TRS; QIC; AXA Investment Managers; Acadian Asset Management; BlackRock; Aon Risk Solutions; SSgA; Mercer; RBC Dexia Investor Services; Schroders

DENMARK - Industriens Pensionsforsikring, the Danish administrator for the labour market pension scheme, has hired State Street to provide analytics on its DKK5.5bn ($1bn) private equity portfolio.

State Street Global Advisors has appointed a senior liability-driven investment portfolio manager to help build its LDI proposition.

State Street Global Advisors; Texas TRS; Deloitte; F&C Investments; RCM; The National Association of Pension Funds

US - Pension funds in Virginia and Florida have become the latest to point a finger at Bank of New York Mellon for overcharging for foreign currency trades and both states filed lawsuits against the bank yesterday.

GLOBAL - Investor confidence rose by just 2.2 points in July from June's revised level of 98.9, research by State Street shows.