State Street Corporation : State Street Named to Provide Risk Analytics Services for Emory University Endowment
06/28/2012| 12:05pm US/Eastern
Expands Existing Servicing Relationship
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors, announced
today that it has been appointed by Emory University to provide risk
analytics services for its $5 billion endowment.
State Street will perform various analytical measures for the endowment
in support of the risk management process, including data management and
risk measurement and analysis. State Street will support Emory's
complete endowment, aggregating data to provide a view of portfolio
exposures and risk characteristics. The new mandate expands State
Street's existing relationship with Emory, which includes custody,
performance and compliance services.
"State Street's ability to customize its services to meet our specific
needs as well as its ability to support our requirements across both
hedge funds and private equity funds were key factors in our selection,"
said Brian Wachob, managing director of Asset Allocation at Emory
State Street has provided risk services to asset managers and owners for
more than a decade, including a number of university endowment funds.
"We are delighted to expand our relationship with Emory University,"
said Rebecca Schechter, senior vice president and head of Foundations
and Endowments at State Street. "By providing an end-to-end solution
that emphasizes rigorous data management through to report generation,
clients have access to tools that can help them make more informed
State Street's risk services tools support the full investment process
through a customizable online interface. The full-service solution,
which includes risk reporting, data management, portfolio construction
and investor reporting, are supported by experienced investment, risk
and data management professionals.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors including
investment servicing, investment management and investment research and
trading. With $23.2 trillion in assets under custody and administration
and $2 trillion* in assets under management at March 31, 2012, State
Street operates in 29 countries and more than 100 geographic markets.
For more information, visit State Street's web site at www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx. $68
billion as of March 31, 2012), for which State Street Global Markets,
LLC, an affiliate of State Street Global Advisors serves as the
State Street Corporation
Marie McGehee, + 1 617-664-1898
© Business Wire 2012