As of July 1, 2016, GE Asset Management Incorporated was acquired State Street Global Advisors, Inc. GE Asset Management Incorporated is acquired. The firm is a privately owned investment manager. The firm provides its services to investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, and insurance companies. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients. It also manages hedge funds, private equity, commingled trusts, partnerships, and real estate products. The firm invests in the public equity, fixed income, emerging, and alternative markets across the globe. For its fixed income securities, it invests in high yield securities, short term duration securities, emerging markets debt, tax exempt securities, and structured products including collateralized debt obligations. For its emerging markets debt, the firm invests in corporate credit, quasi-sovereign, and sovereign securities issued within emerging countries. For its alternative investments, it invests in REITs. The firm primarily invests in growth and value stocks of mid-cap and large-cap companies. It typically employs a top-down approach to select its sectors and a bottom-up stock picking approach to create its equity portfolios. The firm employs a fundamental and quantitative analysis to make its investments. It employs a disciplined approach to investing. The firm benchmarks the performance of its fixed income portfolios against the Lehman Brothers 1-3 Year Government Bond Index and Barclays Aggregate Bond Index. It benchmarks the performance of its equity portfolio against S&P 500. The firm conducts in-house research to make its investments. It was founded in 1988 and is based in Stamford, Connecticut with additional offices in London, United Kingdom; Los Angeles, California; Norwalk, Connecticut; Singapore, Singapore; Shanghai, China; Tokyo, Japan; Irvine, California; and Oslo, Norway.