State Street Appointed by the International Forum of Sovereign Wealth Funds as an Official Research Partner
May 25 2016 - 09:33AM
Business Wire
State Street Corporation (NYSE: STT) announced today that it has
been appointed by the International Forum of Sovereign Wealth Funds
(IFSWF) as one its two official research partners.
Established in 2009, the IFSWF is a global network of sovereign
wealth funds which exchange views on issues of common interest and
facilitate an understanding of sovereign wealth funds' activities
and the Santiago Principles.
The Forum has formalized a limited number of partnerships with
world leading financial and academic partners. Through this process
State Street has been selected as one of the official research
partners and will be working with the IFSWF and their members on
research topics relevant to long term investors, such as asset
allocation and investing in private markets.
State Street Associates (SSA), State Street Global Exchange’s
research and advisory services business, will be the focal point in
State Street’s partnership with the IFSWF. It has been assigned to
two specific research projects on which it will collaborate with a
working group of Sovereign Wealth Funds (SWFs).
Rod Ringrow, senior managing director and head of Central Bank
and Sovereign Wealth Fund Sector for State Street in EMEA, said,
“State Street has worked with IFSWF since its inception and we look
forward to building on our relationship in our capacity as one of
its two research partners.”
Will Kinlaw, senior vice president and global head of State
Street Associates said, “The membership of the IFSWF includes some
of the largest and most sophisticated investors in the world. As
its research partner, State Street will draw on research, data, and
analytics resources from across the firm that relate to
long-horizon investing, asset allocation, and private market
investments.”
Adrian Orr, Chair of the IFSWF, said, “The Forum has worked
closely with State Street for more than seven years, and when it
came to establishing research partners we were keen to include
them. We look forward to continuing our successful
partnership.”
The first project will focus on investment and asset allocation
strategies for the long term, and a second project will examine
SWFs experiences investing in private versus public markets. The
deliverable will be a white paper, co-authored by State Street and
the group of SWFs, for each of the two topics. The papers will be
presented to the broader membership at the 2016 annual meeting in
Auckland New Zealand in November.
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 $27 trillion in assets under
custody and administration and $2 trillion* in assets under
management as of March 31, 2016, State Street operates in more than
100 geographic markets worldwide, including the US, Canada, Europe,
the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
* Assets under management include approximately $32.6 billion as
of March 31, 2016, for which State Street Global Markets, LLC, an
affiliate of SSGA, serves as the marketing agent.
About IFSWF
The International Forum of Sovereign Wealth Funds (IFSWF) is a
global network of sovereign wealth funds (SWFs) established in 2009
to enhance collaboration, promote a deeper understanding of SWF
activity and raise the industry standard for best practice and
governance.
Central to the IFSWF are the Santiago Principles, which all
members voluntarily endorse, bringing to bear transparency,
accountability and prudent investment practices.
For
IFSWF:Edward BerryFTI Consulting+44 (0)20 3727 1046 T | +44 (0)7703 330 199 MEdward.Berry@fticonsulting.com
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2016 State Street Corporation - All Rights
ReservedCORP-1987
Exp. Date - 05/31/2017
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State Street CorporationNoreen Shah, +44
2033957073NShah@statestreet.com@StateStreet
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