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State Street positions for weak recovery
November 22, 2009
Global chief investment officer Richard Lacaille says State Street Global Advisers is overweight on equities from a bottom-up perspective and also on investment grade credit. Just don’t ask him to forecast the gold price.
Institutional investor State Street Global Advisors believes the global economic recovery will be relatively weak and that fundamental analysis will return to stock-picking in 2010.
Predominantly a conservative, passive investor, the firm typically favours quantitative techniques to evaluate markets in...
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