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State Street acquires GS hedge fund admin services

State Street Corporation has agreed to acquire Goldman Sachs' US hedge fund administration services in a cash transaction worth approximately US$550 million.

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Read more: USGSASState Street CorporationPrime BrokerageGoldman Sachs Administration ServicesAlternative Investment SolutionsCory ThackerayGeorge SullivanGlobal Securities ServicesJohn Willian