State Street Adds InfraHedge's Managed Account Platform

State Street announced that it is adding InfraHedge's managed account platform as an offering within its alternative investment solutions suite of products. State Street, which has an equity investment in InfraHedge, will market the product out to its global institutional investors, including pension funds, endowments, fund of hedge funds, wealth managers and sovereigns.

"The alliance with InfraHedge enables State Street to further enhance the services we bring to our institutional and hedge fund clients and highlights our commitment to alternatives," says George Sullivan, executive vice president and head of State Street's alternative investment solutions group. "Institutional investors are increasingly looking to managed accounts as one way to access the hedge fund market while retaining a level of transparency, reporting and risk management they are accustomed to with other asset classes. We are confident that our clients will benefit from this unique offering, which we believe provides a competitive advantage to both State Street and InfraHedge."