West Virginia University Foundation and WVU Hospitals Reappoint State Street to Provide Range of Investment Services
December 17 2008 - 2:00PM
Business Wire
State Street Corporation (NYSE: STT), the world�s leading provider
of financial services to institutional investors, announced today
that it has been reappointed by the West Virginia University
Foundation and WVU Hospitals to provide custody, accounting and
performance analytics services for $650 million in assets. State
Street Investment Analytics� Private Edge� Group will also provide
the WVU Foundation with private equity analytics services. The
Private Edge� Group provides detailed analyses of private equity
investments for a diverse client base including public and private
pensions, endowments and foundations, representing more than 4,500
commitments totaling approximately $240 billion. �Over the past
eight years we have worked together with the WVU Foundation to
develop innovative solutions for their new product launches,� said
Michael Williams, executive vice president of institutional
investor services at State Street. �We look forward to continuing
to build on this strong relationship.� �We have been extremely
pleased with the service levels we have received from State Street
during our relationship,� said Dottie Dotson, CIO of the West
Virginia University Foundation. �State Street�s enhanced
alternative analytics capabilities was a key factor in our decision
to reappointment them as our service provider.� State Street
Corporation (NYSE: STT) is the world's leading provider of
financial services to institutional investors, including investment
servicing, investment management and investment research and
trading. With $14.0 trillion in assets under custody and $1.7
trillion in assets under management at September 30, 2008, 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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