State Street Wins Best Hedge Fund Administrator and Best Risk Management Technology Provider of the Year Awards

  State Street Wins Best Hedge Fund Administrator and Best Risk Management
  Technology Provider of the Year Awards

End-to-End Solutions to Improve Transparency are Growing, but Adoption Lags

Business Wire

BOSTON -- November 6, 2013

State Street Corporation (NYSE:STT), announced today that it has been named
2013 Hedge Fund Administrator of the Year and 2013 Risk Management Technology
Provider by HFMWeek magazine. The HFMWeek US Hedge Fund Services Awards
recognize outstanding service and support to the hedge fund industry in North
America and are judged by an independent panel of experts.

“The HFMWeek awards further validate the focus State Street places on
solutions for our hedge fund client base,” said George Sullivan, executive
vice president and global head of alternative investment solutions (AIS) at
State Street. “Our clients face a complex and evolving regulatory environment,
so end-to-end solutions that help monitor and manage risk are becoming
increasingly necessary.”

The vastly increased reporting and regulatory demands that come from
regulations like AIFMD and Dodd-Frank have put tremendous pressure on
alternative managers. State Street recently conducted a study with Preqin,
“The Next Alternative: Thriving in a New Environment,” and found that 38
percent of fund managers see adapting to new regulations as a huge challenge
over the next five years. Although new transparency standards are driving
innovation, only 15 percent of managers surveyed are using tools that assess
performance and risk.

“The growing demand for more transparency has created a need for better data
and analytics,” said Jeff Conway, executive vice president and head of State
Street Global Exchange. “Alternative managers are confronted with an
overwhelming amount of data that must be analyzed and reported. Our solutions
help these managers to measure and assess portfolio risk, provide enhanced
reporting and respond rapidly to changing market dynamics.”

Global Exchange delivers proprietary data, insights, analytics and trading
solutions to address clients’ needs to make better investment decisions,
generate superior returns and effectively manage data and risk. Alternative
Investment Solutions (AIS) at State Street delivers industry leading
alternative asset services to clients worldwide. AIS provides a complete suite
of fund accounting, fund administration, corporate administration, risk and
credit services to institutional investors, hedge funds, private equity fund
and real estate fund managers.

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 $26
trillion in assets under custody and administration and $2.2 trillion in
assets under management at September 30, 2013, State Street operates in more
than 100 geographic markets worldwide, including the U.S., Canada, Europe, the
Middle East and Asia. For more information, visit State Street’s web site at

This AUM includes the assets of the SPDR Gold Trust (approx. $39 billion as of
September 30, 2013), for which State Street Global Markets, LLC, an affiliate
of State Street Global Advisors, serves as the marketing agent.



State Street Corporation
Anne McNally, +1 617-664-8576
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