State Street has joined hands with InfraHedge and acquired a majority stake in the U.K. firm. The financial services firm will include InfraHedge’s managed account platform as an offering in its alternative investment solutions series of products.
The platform focuses on global institutional investors, such as pension funds, endowments, funds of hedge funds, wealth managers and sovereigns. The platform will function on a standalone basis for flexibility with independent governance and risk management infrastructure.
Click here for the release from State Street.