WEST PALM BEACH, FL (www.hedgeco.net) – State Street Corporation, one of the world�s leading provider of services to institutional investors have been selected as the top Global Custodian for 2005,marking the second consecutive year that the firm received the top award. The survey was conducted by the Global Custodian Magazine in its 10th annual Hedge Fund Survey. Global Custodian said, “IFSwas always a high performer in this survey, and this was a true-to-form performance. In fact, no other provider in the entire survey could match the overall weighted average score achieved by IFS in2005.”
The 2005 survey received responses from 819 survey participants, representing the highest number of participants to take part in the survey to date. Gary Enos, executive vice president and head of alternative investment services for State Street said, “We are very pleased that our customers, once again, appreciate the unique value of our hedge fund offerings.” He also said, “This recognition is a testament to our global staff and leading-edge technology which enables us to provide consistent customer service in various jurisdictions worldwide.”
State Street is one of the global leading providers of hedge fund management solutions, such as risk management, valuation, recordkeeping, fund accounting and regulatory reporting. It is also one of the leading providers of hedge fund administrative services; the firm has in excess of $120 billion in alternative investment assets under management. Further information available on www.StateStreet.com.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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