State Street Named to Provide Risk Analytics Services for Emory University Endowment
June 28 2012 - 12:00PM
Business Wire
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors,
announced today that it has been appointed by Emory University to
provide risk analytics services for its $5 billion endowment.
State Street will perform various analytical measures for the
endowment in support of the risk management process, including data
management and risk measurement and analysis. State Street will
support Emory’s complete endowment, aggregating data to provide a
view of portfolio exposures and risk characteristics. The new
mandate expands State Street’s existing relationship with Emory,
which includes custody, performance and compliance services.
“State Street’s ability to customize its services to meet our
specific needs as well as its ability to support our requirements
across both hedge funds and private equity funds were key factors
in our selection,” said Brian Wachob, managing director of Asset
Allocation at Emory University.
State Street has provided risk services to asset managers and
owners for more than a decade, including a number of university
endowment funds.
“We are delighted to expand our relationship with Emory
University,” said Rebecca Schechter, senior vice president and head
of Foundations and Endowments at State Street. “By providing an
end-to-end solution that emphasizes rigorous data management
through to report generation, clients have access to tools that can
help them make more informed investment decisions.”
State Street’s risk services tools support the full investment
process through a customizable online interface. The full-service
solution, which includes risk reporting, data management, portfolio
construction and investor reporting, are supported by experienced
investment, risk and data management professionals.
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 $23.2 trillion in assets
under custody and administration and $2 trillion* in assets under
management at March 31, 2012, State Street operates in 29 countries
and more than 100 geographic markets. For more information, visit
State Street’s web site at www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx.
$68 billion as of March 31, 2012), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors serves
as the marketing agent.
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