Marshall Schell, a grantmaking consultant, has been assisting State Street Global Advisors' clients for a decade.

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State Street Global Advisors (SSGA) manages the fund, which began trading on the American Stock Exchange in January 1993.

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Shipman, former principle with State Street Global Advisors, perhaps the largest private pension investment management firm in the world.

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State Street Global Advisors, the ETF's sales agent, declined to comment.

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State Street Global Advisors, the company that manages the GLD, essentially owns all the gold and sells shares, worth one-tenth an ounce of gold, to investors.

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Most of the investments in ETPs are concentrated among the top four providers: BlackRock iShares, Vanguard, State Street Global Advisors (SPDR) and Investco PowerShares.

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Rowe Price, Vanguard and State Street Global Advisors.

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Wall Street has pushed out 23 new exchange traded funds this year that promise to double or triple the positive or negative daily return of an index, according to a new report by State Street Global Advisors.

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"The two biggest risks would be a 'meltdown' in Japan and a depreciation in the Hong Kong dollar or renminbi sparking off a further round of devaluations, " says Alan Brown of State Street Global Advisors in London.

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Emerging Global advisors at 25 percent, followed by State Street Bank in Boston at 15 percent.

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