State Street signs rare outsourcing deal with Chinese FMC

The move by Harvest Global Investments (HGI) to outsource middle-office investment operations to State Street is rare in China where data confidentiality is highly prized.  In a deal unveiled last week, State Street will provide services including trade management, record-keeping, investment accounting, pricing and corporate actions, reconciliation, information delivery and customised client reporting by fund.  It is State Street’s first direct service relationship of this kind with a…