State Street Corporation and InfraHedge, a UK-based provider of risk management infrastructure for institutional investors, have formed a new strategic alliance to offer enhanced capabilities to institutional investors in hedge funds.
Under this partnership, State Street will add InfraHedge’s managed account platform as an offering within its alternative investment solutions suite of products, which is aimed at global institutional investors, including pension funds, endowments, funds of hedge funds, wealth managers and sovereigns.
InfraHedge platform allows institutional investors to utilize a managed accounts platform on a standalone basis, providing investors with significant flexibility alongside an independent governance and risk management infrastructure.
InfraHedge founder and CEO Akshaya Bhargava said State Street shares the vision of making hedge fund investing more controlled, transparent and cost effective for institutional investors.
State Street executive vice president and head of alternative investment solutions group George Sullivan said State Street is confident that its clients will benefit from this unique offering, which it believe provides a competitive advantage to both State Street and InfraHedge.