State Street Global Advisors, the asset management business of State Street, has collaborated with Bridgewater Associates, aiming to broaden access to core alternative investment strategies.

This alliance is expected to enable a wider range of investors to leverage alternative investments.

State Street Global Advisors pioneered the ETF space in 1993.

Bridgewater Associates co-CIO Karen Karniol-Tambour said: “At Bridgewater, we see global investors increasingly focused on portfolio resiliency and desiring durable client portfolios amidst a coming investing era that is likely to be very different from the last.

“We believe a diversified asset allocation is a great step in preparing for the future, and we are excited to broaden access to our approach with an innovative organisation like State Street Global Advisors.”

State Street’s ETF Impact Report reveals that 45% of institutional investors globally are planning to increase their alternative investment allocations in the next twelve months.

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In the US, 41% of financial advisors intend to recommend a higher allocation to alternatives for their clients, according to the report.

State Street Global Advisors chief business officer Anna Paglia said: “Bridgewater is known for its 40-year history of delivering resilient, diversified portfolios and insights to many sophisticated institutional global investors, including innovative approaches to strategic asset allocation.

“We are excited that this strategic relationship will now bring that portfolio construction expertise to retail investors as well.”

State Street Global Advisors has been serving governments, institutions, and financial advisors for over four decades. With $4.73tn under management, State Street is ranked as the world’s fourth-largest asset manager.

Established in 1975, Bridgewater Associates is a premier asset manager the most sophisticated global institutional investors.