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State Street eyes ascent in fund-admin rankings

Merging the hedge fund administration units of State Street and Goldman Sachs would make the joint business close to the biggest in Asia and globally.
State Street eyes ascent in fund-admin rankings

State Street’s $550 million acquisition of Goldman Sachs Administration Services (GSAS) will create one of the world’s biggest hedge fund administrators and close the gap in Asia on market leader HSBC.

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