State Street Introduces Vision Report on Hedge Funds
April 11 2007 - 10:07AM
Business Wire
State Street Corporation, (NYSE: STT), the world�s leading provider
of financial services to institutional investors, today released a
State Street Vision Report on Hedge Funds as part of its series of
proprietary reports designed to advance the dialogue around key
themes and trends within the financial services industry. The new
Vision paper on hedge funds offers a comprehensive overview of the
impact of rising institutional allocations to alternative
investment vehicles and the implications of this trend for
institutions and the hedge fund industry going forward. State
Street�s report provides insightful explanations of hedge fund
investing trends and techniques, as well as an in-depth analysis of
the evolution of risk management, new developments in the pursuit
of alpha, and a global review of hedge fund regulation. �As part of
the ongoing series designed to provide the industry with timely
insights, this Vision paper responds to a need for greater
understanding of all aspects of hedge fund investing,� said Jay
Hooley, vice chairman of State Street. �Given the results of our
third institutional hedge fund study released last month, it is
evident that institutional hedge fund investing is becoming less
�alternative.� We hope this new report will help industry
professionals enhance their knowledge of hedge funds and navigate
the risk and opportunities available in these important investment
products.� The report draws on State Street�s extensive insights
from across the company to bring a unique insight into the hedge
fund industry: State Street Global Advisors, State Street�s
investment management arm, has two decades of absolute return
investment expertise and offers an array of strategies focused on
generating alpha. State Street Global Markets, State Street�s
investment research and trading arm, is well-recognized by hedge
fund managers and their clients for setting industry standards in
global foreign exchange trading and for providing access to unique
investment research. Through its acquisition of International Fund
Services (IFS) in 2002, State Street significantly expanded its
global hedge fund servicing capabilities and now administers more
than $200 billion in hedge fund assets from servicing centers in
New York, Dublin, Luxembourg and Toronto. To obtain a copy of the
paper or for more information, members of the press can contact
publicrelations@statestreet.com. All other requests should be
directed to vision@statestreet.com. Building on the success of its
first Vision paper on Asia Bonds launched in 2006, State Street
will publish additional Vision papers throughout the year. About
State Street: State Street Corporation (NYSE: STT) is the world's
leading specialist in providing institutional investors with
investment servicing, investment management and investment research
and trading services. With US$11.9 trillion in assets under custody
and US$1.7 trillion in assets under management as of December 31,
2006, State Street operates in 26 countries and more than 100
geographic markets worldwide. For more information, visit State
Street's website at www.statestreet.com.
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