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Article: State Street gets Caxton hedge fund job.
- Article from:
- CPI Financial
- Article date:
- June 29, 2009
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Byline: news@cpifinancial.net (Staff Writer)
State Street Corporation has been given the job of providing a range of hedge fund administration services for approximately $6 billion in assets advised by Caxton Associates.
International Fund Services (IFS), State Street's hedge fund administration company, will provide fund accounting, fund administration, tax and risk services to five master-feeder fund structures managed by New York-based Caxton Associates and affiliates.
"This new mandate is representative of a fundamental shift underway in the hedge fund industry, as more managers seek to outsource administrative services in a highly ...