PIMCO has awarded a mandate to State Street and International Financial Data Services (IFDS) Canada to provide services for its newly launched Canadian retail funds. State Street will provide fund accounting, fund administration, custody and trustee services for the eight new funds. IFDS will provide transfer agency and unit-holder recordkeeping services to the new vehicles. State Street and IFDS already provides a range of investment services for PIMCO, including custody, accounting, valuation and transfer agency services.
Click here for the release from State Street.