STATE STREET RESEARCH SELECTED BY WIND RIVER SYSTEMS, INC. TO MANAGE FIXED INCOME PORTFOLIO
March 13, 2002
BOSTON, Mass., March 13, 2002 - State Street Research & Management
Company, one of the nation's oldest investment managers, today announced
that is has been selected by Wind River Systems, Inc (NASDAQ:WIND) to manage
a portion of their fixed income short duration cash portfolio.
"A solid investment process coupled with the firm's fixed income
capabilities were the driving factors behind choosing State Street Research
as an investment manager," said Tyler Painter, director of treasury and
investor relations of Wind River Systems, Inc. "Furthermore, we were
impressed by the strength, experience and flexibility of the client service
team in creating a solution for our investment needs."
"We are thrilled to welcome Wind River as a client at State Street
Research," said Christopher C. Abbott, executive vice president and head of
Institutional Marketing and Client Services. "This new business win
reflects the high quality of our fixed income products and ability to
successfully partner with consultant - Bridgebay Financial, Inc. - to
provide value-added solutions for our clients."
For more information on Bridgebay Financial, please visit the company's
website at www.bridgebay.com.
Wind River is a worldwide leader in embedded software. Wind River provides
software development tools, real-time operating systems, and advanced
connectivity for use in products throughout the Internet, telecommunications
and data communications, digital imaging, digital consumer electronics,
networking, medical, computer peripherals, automotive, industrial automation
and control, and aerospace/defense markets. Wind River is how smart things
think. Founded in 1983, Wind River is headquartered in Alameda, California,
with operations worldwide. For more information, please visit the company's
website at www.windriver.com.
State Street Research & Management Company, with a history dating back to
1924, is one of the nation's first investment management organizations. The
Boston-based company actively manages stock, bond and balanced portfolios
for both institutional and individual investors. As of January 31, 2002,
State Street Research managed $45.8 billion in assets, of which $28.3
billion represented institutional clients and $17.5 billion represented
mutual fund and variable annuity portfolios. The firm manages pension money
for many of the largest U.S. corporate pension plans and traces many of its
institutional client relationships back more than 30 years. State Street
Research also manages money for union programs, public employee pension
plans, mutual funds for over 649,000 shareholder accounts, as well as
individually managed accounts for affluent investors. The firm's Web site
address is www.ssrfunds.com.
