State Street FundConnect® and Clearwater Advisors Offer Cash Management Trading Capabilities to Corporate Clients
February 03 2015 - 2:43PM
Business Wire
State Street (NYSE: STT) and Clearwater Advisors LLC, an
investment advisory firm, today announced that Clearwater Advisors’
corporate clients can obtain access to FundConnect®, State Street’s
corporate treasury trading platform. Clearwater Advisors is a
leading provider of fixed income investment management
solutions.
FundConnect is part of State Street’s electronic trading
solutions and allows clients to invest in a wide range of
institutional money market funds from leading providers through a
single, secure interface. State Street’s FundConnect is one of the
largest online money market trading portals according to Crane
Data.1
“State Street’s online money market fund trading platform,
FundConnect, is one of the largest “portals” available to large
corporate investors and one of the most technologically advanced,”
said Peter Crane, president of Crane Data. “It has one of the most
extensive fund lineups and one of the richest sets of features and
functions among portal providers.”
“We are excited that our global client base can access
FundConnect,” said Tim Dunn, president of Clearwater Advisors.
“Together we can bring significant expertise, transparency and
efficiency to investors for their trading and cash management needs
from money market funds to separately managed accounts.”
“In an increasingly fast-paced market, corporate investors need
convenient and direct methods of optimizing investments,” said Greg
Fortuna, senior managing director and head of FundConnect, State
Street Global Markets. “By gaining access to FundConnect,
Clearwater Advisors’ clients can achieve customized and efficient
workflows, a consolidated view of their account balances and
real-time execution.”
About Clearwater Advisors
Clearwater Advisors, LLC provides innovative fixed income
investment management solutions to institutional corporate
investors. Clearwater designs strategies to meet specific client
needs and its size and specialization allow it to provide clients a
high-level of attention and access. In a market filled with
cookie-cutter solutions, Clearwater's value proposition has defined
its reputation. The firm is currently managing ever $6 billion in
separately managed accounts.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading provider of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $28.19 trillion in assets
under custody and administration and $2.45 trillion* in assets
under management as of December 31, 2014, 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 web site at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF (approximately $27.3 billion as of December 31, 2014), for
which State Street Global Markets, LLC, an affiliate of SSgA,
serves as the distribution agent.
1 Crane Data Money Fund Intelligence 2014
CORP-1285
State Street CorporationAnne McNally, +1
617-664-8576AEMcnally@StateStreet.com@StateStreet
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