BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it received the title of top hedge fund administrator in this year’s Absolute Return research rankings. State Street moved up from its second place standing in last year’s rankings.
"I could not be more proud that State Street has achieved this no. 1 ranking from Absolute Return,” said George Sullivan, global head of Alternative Investment Solutions at State Street. “We have made significant investments to both our technology and operational platforms over the last few years to meet client needs and I’m thrilled that all of that work is being recognized with this honor. As we continue to innovate and invest, I am confident that State Street will remain the chosen partner for hedge funds.”
The Absolute Return hedge fund administrator ranking, now in its ninth year, is based on self-reported information from Americas-based, single-manager hedge funds and public filings. The top administrator chart includes firms with $10 billion or more in assets under administration.
Absolute Return is a data-driven news and research publication covering the American hedge fund industry.
Click here for more information on the rankings from Absolute Return.
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 $31.0 trillion in assets under custody and administration and $2.61 trillion* in assets under management as of June 30, 2017, 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 website at www.statestreet.com.
*AUM reflects approx. $34 billion (as of June 30, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC serves as marketing agent; State Street Global Advisors Funds Distributors, LLC and State Street Global Advisor are affiliated.
State Street Corporation One Lincoln Street, Boston, MA 02111-2900.
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