In the first three months of 2010, State Street Global Advisors generated investment management fees of $226 million, up 25 percent from $181 million in the year-ago period.

Company officials attributed the rise primarily to the increase in average month-end equity valuations. Such valuations went up about 42 percent as measured by the S&P 500 and up 45 percent as measured by the MSCI EAFE.

Boston-based SSgA ended March with AUM of $1.929 trillion, representing a 38 percent increase from $1.395 trillion at the end of March last year.  

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