State Street Boston Corp.'s revenue from investment activities grew 26% in the first quarter over the same period last year. The parent of State Street Global Advisors reported $234 million in fiduciary compensation - including fees for money management, trust and custody services -during the first quarter, compared with $186 million during the same period in 1995. Total revenue for the quarter was $44 million, up 21% from a year ago.
State Street's assets under management grew to $252 billion in the first quarter of 1996 from $180 billion during the first quarter of 1995, and custody assets grew to $2.5 trillion from $1.9 trillion.