Loser takes all



Since the turn of the year, many investors have been reviewing the performance of their existing fund managers. And any lack of confidence has seen them vote with their feet. But State Street Global Advisors (SSGA) has bucked this trend and garnered $1 billion of new active fixed-income money in the first two months of this year.

“We are best known for passive management,” says Mark Talbot. “But this is a matter of perception that is changing. Our active business has been growing steadily in

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