As of January 31, 2005, State Street Research & Management Company was acquired by BlackRock, Inc. State Street Research & Management Company is an investment manager with approximately $22.46 billion in assets under management. The firm provides its services to high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, corporations, and state or municipal government entities. It manages separate client-focused portfolios and also serves as an investment advisor to a family of mutual funds. The firm invests in the public equity and fixed income markets across the globe, focusing on the United States and Canada. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies employing a quantitative analysis and hedging techniques. The firm was a subsidiary of SSRM Holding, Inc. State Street Research & Management Company was founded in 1924 and is based in Boston, Massachusetts with an additional office in New York City.