STATE STREET RESEARCH AWARDED NEW INSTITUTIONAL BUSINESS FROM CONNING
BOSTON, MA., December 13, 2000- State Street Research & Management Company
announced today that the firm has partnered with Conning Asset Management
Company to provide subadvisory investment management for approximately $300
million in assets for certain active equity investment management
disciplines, including small cap value, mid cap growth, large cap value, and
balanced. This further reinforces State Street Research's increasing
presence in the subadvisory marketplace.
MetLife owns both Conning and State Street Research. Conning is one of the
largest asset managers specializing in insurance company and related
financial institution investments in the United States. The company is also
a nationally respected provider of institutional research and research
publications on the insurance industry, a leading source of private equity
capital to financial services companies, and a national source of commercial
mortgage services to the financial services community.
"We are enthusiastic about the partnership with our affiliate Conning," said
Chris Abbott, Executive Vice President, Head of Institutional Marketing and
Client Service Group of State Street Research & Management Company. "The
subadvisory marketplace is embracing the diversity of our product line as
well as our ability to stay true to our investment style and to produce
consistent performance over the long-term."
State Street Research & Management Company, with a money management history
dating back to 1924, is one of the nation's first investment management
organizations. The Boston-based firm is a subsidiary of MetLife. As of
October 31, 2000, State Street Research managed $54 billion in assets, of
which $34 billion represented institutional client assets. The firm manages
institutional assets for corporate, public, educational and charitable
plans, as well as union plans; mutual funds for over 530,000 shareholder
accounts; and individually managed accounts for affluent investors.
Information on the firm's Institutional Group can be found at www.ssrinstitutional.com
