State Street Corporation has been reappointed by the West Virginia University Foundation and Hospitals (WVU Foundation) to provide custody, accounting and performance analytics services for $650 million in assets.
State Street Investment Analytics’ Private Edge Group will also provide the WVU Foundation with private equity analytics services. The Private Edge Group provides detailed analyses of private equity investments for a diverse client base including public and private pensions, endowments and foundations, representing more than 4,500 commitments totaling approximately $240 billion.
“Over the past eight years we have worked together with the WVU Foundation to develop innovative solutions for their new product launches,” says Michael Williams, executive vice president of institutional investor services at State Street. “We look forward to continuing to build on this strong relationship.”
“We have been extremely pleased with the service levels we have received from State Street during our relationship,” says Dottie Dotson, CIO of the West Virginia University Foundation. “State Street’s enhanced alternative analytics capabilities was a key factor in our decision to reappointment them as our service provider.”