Business & Finance
Business and Finance
Business and Finance
Wed, December 17, 2008 West Virginia University Foundation and WVU Hospitals Reappoint State Street to Provide Range of Investment Services
BOSTON--([ BUSINESS WIRE ])--State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been reappointed by the West Virginia University Foundation and WVU Hospitals to provide custody, accounting and performance analytics services for $650 million in assets.
State Street Investment Analytics' Private Edge® Group will also provide the WVU Foundation with private equity analytics services. The Private Edge® Group provides detailed analyses of private equity investments for a diverse client base including public and private pensions, endowments and foundations, representing more than 4,500 commitments totaling approximately $240 billion.
"Over the past eight years we have worked together with the WVU Foundation to develop innovative solutions for their new product launches," said Michael Williams, executive vice president of institutional investor services at State Street. "We look forward to continuing to build on this strong relationship."
"We have been extremely pleased with the service levels we have received from State Street during our relationship," said Dottie Dotson, CIO of the West Virginia University Foundation. "State Street's enhanced alternative analytics capabilities was a key factor in our decision to reappointment them as our service provider."
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $14.0 trillion in assets under custody and $1.7 trillion in assets under management at September 30, 2008, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's website at [ www.statestreet.com ].
