State Street Named Top Hedge Fund Administrator
September 22 2017 - 10:50AM
Business Wire
Firm’s Alternative Investment Solutions Business Ranked Number
One by Absolute Return
State Street Corporation (NYSE: STT) announced today that it
received the title of top hedge fund administrator in this year’s
Absolute Return research rankings. State Street moved up from its
second place standing in last year’s rankings.
"I could not be more proud that State Street has achieved this
no. 1 ranking from Absolute Return,” said George Sullivan, global
head of Alternative Investment Solutions at State Street. “We have
made significant investments to both our technology and operational
platforms over the last few years to meet client needs and I’m
thrilled that all of that work is being recognized with this honor.
As we continue to innovate and invest, I am confident that State
Street will remain the chosen partner for hedge funds.”
The Absolute Return hedge fund administrator ranking, now in its
ninth year, is based on self-reported information from
Americas-based, single-manager hedge funds and public filings. The
top administrator chart includes firms with $10 billion or more in
assets under administration.
Absolute Return is a data-driven news and research publication
covering the American hedge fund industry.
Click here for more information on the rankings from Absolute
Return.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $31.0 trillion in assets
under custody and administration and $2.61 trillion* in assets
under management as of June 30, 2017, State Street operates in more
than 100 geographic markets worldwide, including the US, Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
*AUM reflects approx. $34 billion (as of June 30, 2017)
with respect to which State Street Global Advisors Funds
Distributors, LLC serves as marketing agent; State Street Global
Advisors Funds Distributors, LLC and State Street Global Advisor
are affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2017 State Street Corporation - All Rights Reserved
CORP- 3278
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State Street CorporationBrendan Paul, +
1-617-662-2903BPaul2@StateStreet.com@StateStreet
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