{"id":30155,"date":"2012-07-17T07:23:55","date_gmt":"2012-07-17T11:23:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=30155"},"modified":"2012-07-17T08:12:00","modified_gmt":"2012-07-17T12:12:00","slug":"state-street-to-become-lead-hedge-fund-administrator-globally-with-550m-acquisition-of-goldman-sachs-administration-services","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2012\/state-street-to-become-lead-hedge-fund-administrator-globally-with-550m-acquisition-of-goldman-sachs-administration-services.html","title":{"rendered":"State Street to Become Lead Hedge Fund Administrator Globally With $550M Acquisition Of Goldman Sachs Administration Services"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/fish_eat_fish_bag-p1490766558113912462w92h_400.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-22167\" title=\"HEDGE FUND MERGERS ANS ACQUISITINONS\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/04\/fish_eat_fish_bag-p1490766558113912462w92h_400.jpg\" alt=\"\" width=\"184\" height=\"135\" \/><\/a>New York (HedgeCo.Net) &#8211; Hedge fund administrator,\u00a0State Street Corporation, has announced that it has agreed to acquire Goldman Sachs Administration Services (GSAS), a $200 billion\u00a0hedge fund administrator, from The Goldman Sachs Group, Inc. in a cash transaction with a total purchase price of $550 million.<\/p>\n<p>Pending regulatory approvals and other customary closing conditions, the transaction is expected to be finalized early in the fourth quarter of 2012.&#8221;<\/p>\n<p>&#8220;The acquisition will establish State Street as the No. 1 hedge fund administrator globally based on industry survey data,&#8221; State Street said in a press release, &#8220;State Street today is the No.1 servicer of alternative assets in the world with $877 billion under administration at June 30, 2012.&#8221;<\/p>\n<p>The transaction does not include Goldman Sachs&#8217; Prime Brokerage business.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Hedge fund administrator,\u00a0State Street Corporation, has announced that it has agreed to acquire Goldman Sachs Administration Services (GSAS), a $200 billion\u00a0hedge fund administrator, from The Goldman Sachs Group, Inc. in a cash transaction with a total [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,3],"tags":[],"class_list":["post-30155","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=30155"}],"version-history":[{"count":10,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30155\/revisions"}],"predecessor-version":[{"id":30157,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30155\/revisions\/30157"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=30155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=30155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=30155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}