DUBLIN--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), the world's leading provider of
financial services to institutional investors, announced today that its
hedge fund administration company, International Fund Services (IFS),
was named Ireland's Best Administrator for the annual Offshore Service
Provider Awards 2008 by FundDomiciles.com, a global fund
management industry provider and source of information on the world's
international fund domiciles. FundDomiciles.com is part of
International Fund Investment, a European-based publication that
provides news and analysis on the global fund industry.
IFS was selected by FundDomiciles.com's users, including industry
lawyers, auditors, stockbrokers, exchanges and consultants, as the
preferred offshore fund industry provider. The selection was validated
by an expert panel of fund managers.
"We are delighted to have been selected as Ireland's best administrator
by FundDomiciles.com users," said Mary Murphy, executive managing
director of IFS in Ireland. "This accolade is a testament to the
strength of IFS' ongoing commitment to service quality, and acknowledges
our clients' confidence in the breadth and scope of our offerings for
alternative investment portfolios."
IFS, a leading provider of fund accounting and administration as well as
trade support and middle-office services for alternative investment
portfolios, has repeatedly been ranked best in hedge fund administration
in the Global Custodian Hedge Fund Administration Survey and has
been recognized by The Hedge Fund Journal as Best Overall Hedge
Fund Administrator for two consecutive years. IFS was acquired by State
Street in 2002 and today has approximately 1,500 employees located in
offices in Toronto, Boston, Princeton, New York, Carrickmines, Drogheda,
Dublin and Naas.
About State Street
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 $12 trillion in assets under custody and $1.4 trillion in assets
under management at December 31, 2008, State Street operates in 27
countries and more than 100 geographic markets worldwide. For more
information, visit State Street's web site at www.statestreet.com.
Source: State Street Corporation
Contact: State Street Corporation
Carolyn Cichon, + 1-617-664-8672