Questions raised over tie-up between E Fund and SSGA

The new tie-up between Boston-based State Street Global Advisors and China’s E Fund Management sounds like an important deal. After all, it links the third biggest fund house by assets in each of the world’s two biggest economies. But some have raised questions about the extent to which the partnership will benefit each firm. SSGA is the third largest asset manager not only in the US but also globally, with $2.4 trillion in AUM, while E Fund has around Rmb1 trillion ($144 billion)…