Many are changing due diligence or narrowing their investment universe
Sentiment in Europe increased for the second month in a row, however
Banking veteran replaces two of the firm’s founders
State Street Corp. is buying Goldman Sachs’ hedge fund administration business for US$550 million in cash. The deal should be finalized early in the fourth quarter, and it is expected to be accretive in the first full year of operation. The business, known as Goldman Sachs Administration Services (GSAS), administers approximately US$200 billion in single […]
State Street Corp. Thursday marked the 20th anniversary of its presence in Canada.The provider of financial services to institutional investors opened its first office in Canada in 1990.State Street (NYSE:STT) began servicing its first Canadian mutual fund client in 1994, and in 1995 the firm established its trading and research business, State Street Global Markets. […]
State Street and IFDS selected for technology and service leadership
Deal covers 22 mutual funds with $15.6 billion in assets
Mandate valued at $1 billion in assets
Report shows global retirement liabilities hit $163 trillion
Fitch Ratings has revised its rating outlook on State Street Corp. to negative from stable and has downgraded the investment bank’s individual rating on news that the firm is taking a charge related to subprime troubles.The rating agency says that this action follows State Street’s announcement that it will record a US$279 million after-tax charge […]