State Street Releases Vision Reports on Hedge Funds and Private Equity Industry
July 01 2009 - 10:00AM
Business Wire
State Street Corporation (NYSE:STT), the world�s leading
provider of financial services to institutional investors, today
released two papers on alternative investments as part of its
Vision series of thought-leadership reports.
The companion Vision papers examine two key components of
alternative investments, hedge funds and private equity, and their
future prospects amid the global economic downturn.
While both industries have been hard-hit by the financial
crisis, they will likely adapt to the changed investment
environment and continue to provide significant long-term
opportunities for institutional investors, according to State
Street.
�With so much debate within these sectors as complexity has
heightened over the past year, we want to help identify the actual
market conditions and trends that will determine the future of
hedge funds and private equity,� said Jack Klinck, executive vice
president and global head of State Street�s Alternative Investment
Solutions team. �The research and insights presented in these
reports will help institutional investors as they make their
investing decisions.�
�New Views of the Hedge Fund Industry� cites two major trends
affecting the industry: a migration to third-party administration
and custody services and increased regulatory oversight. While
hedge fund redemptions are expected to continue through 2009,
according to the report, �anecdotal evidence suggests that
investors are starting to regain confidence.�
�The hedge fund industry will emerge from the financial crisis �
smaller, in terms of the number of funds, but eventually larger in
terms of assets under management,� the report states.
State Street�s second Vision paper, �Private Equity at the Cross
Roads,� notes that although the industry is currently under
pressure from the financial crisis and recession, �many believe
that private equity is about to enter a new phase of more
sustainable growth. Over the long-term, investors and governments
will look to private equity for its significant capital resources,
management expertise, and high risk tolerance to help restore
economic strength as impaired assets are wound down and fresh
investments are required for new and expanding businesses.�
The two Vision papers draw on State Street�s extensive knowledge
of hedge funds and private equity servicing. State Street�s hedge
fund and private equity teams are part of its Alternative
Investment Solutions group, which includes more than 2,200
employees worldwide.
With approximately $252 billion in hedge fund assets as of March
31, 2009, State Street provides a complete set of servicing and
management solutions for hedge funds, including recordkeeping, fund
accounting, valuation, risk management and regulatory
reporting.
In private equity, State Street provides full-service fund
administration services to more than 400 primary funds with total
assets exceeding $137 billion.
To obtain copies of the Vision papers or for more information,
members of the press should contact
publicrelations@statestreet.com. All other requests should be
directed to vision@statestreet.com. Previous reports in State
Street�s proprietary Vision series have addressed a range of
topics, including the pensions industry, investment operations
outsourcing, sovereign wealth funds, the insurance industry, and
Islamic finance.
About State Street
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 $11.3 trillion in assets under custody and $1.4
trillion in assets under management at March 31, 2009, State Street
operates in 27 countries and more than 100 geographic markets
worldwide. For more information, visit State Street�s web site at
www.statestreet.com.
State Street (NYSE:STT)
Historical Stock Chart
From May 2024 to Jun 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2023 to Jun 2024