State Street buys Goldman Sachs’ administration business

Thu Jul 19, 2012

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State Street has confirmed long-standing industry speculation with the announcement that it is to acquire Goldman Sachs Administration Services (GSAS) in a cash transaction with a total purchase price of $550 million. The purchase is set to be finalised in the fourth quarter.

The firm said its acquisition of Goldman’s hedge fund administration...

ISSN: 2151-1845 / CDC10004H

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