Keefe BruyetteState Street Corp from Perform to Outperform.
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by Rich Pike
State Street Corp. Tuesday said it has agreed to acquire Mourant International Finance Administration. Mourant, based in the Channel Islands, has about $170 billion of assets under administration and 650 employees. It is called a leading provider of fund-administration services, particularly for alternative investments such as private equity, real estate and hedge funds.
The purchase prices is not being disclosed.
The deal would increase State Street's alternative-investment presence.
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by Larry Etter
State Street Corporation, one of the world’s leading providers of financial services to institutional investors, said it has been appointed by Morgan Stanley Investment Management to provide investment manager operations outsourcing services for approximately $300 billion in assets.
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by Larry Etter
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