Expanding its hedged investment strategies, State Street Corp.'s asset management arm has hired Jared Chase as a senior portfolio manager and principal.

Mr. Chase will report to Sean Flannery, also a principal.

State Street Global Advisors currently has two hedged strategies, called Hedged Matrix and Gamma, which seek returns that do not correlate with traditional investment strategies.

Most recently, Mr. Chase was managing director and Asia Pacific regional head of global markets in the Singapore office of Deutsche Morgan Grenfell.

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