State Street FundConnect® and Clearwater Advisors Offer Cash Management Trading Capabilities to Corporate Clients
In an increasingly fast-paced market, corporate investors need convenient and direct methods of optimizing investments
BOSTON, February 3, 2015 –(BUSINESS WIRE)–State Street (NYSE: STT) and Clearwater Advisors LLC, an investment advisory firm, today announced that Clearwater Advisors’ corporate clients can obtain access to FundConnect®, State Street’s corporate treasury trading platform. Clearwater Advisors is a leading provider of fixed income investment management solutions.
FundConnect is part of State Street’s electronic trading solutions and allows clients to invest in a wide range of institutional money market funds from leading providers through a single, secure interface. State Street’s FundConnect is one of the largest online money market trading portals according to Crane Data.1
“State Street’s online money market fund trading platform, FundConnect, is one of the largest “portals” available to large corporate investors and one of the most technologically advanced,” said Peter Crane, president of Crane Data. “It has one of the most extensive fund lineups and one of the richest sets of features and functions among portal providers.”
“We are excited that our global client base can access FundConnect,” said Tim Dunn, president of Clearwater Advisors. “Together we can bring significant expertise, transparency and efficiency to investors for their trading and cash management needs from money market funds to separately managed accounts.”
“In an increasingly fast-paced market, corporate investors need convenient and direct methods of optimizing investments,” said Greg Fortuna, senior managing director and head of FundConnect, State Street Global Markets. “By gaining access to FundConnect, Clearwater Advisors’ clients can achieve customized and efficient workflows, a consolidated view of their account balances and real-time execution.”
About Clearwater Advisors
Clearwater Advisors, LLC provides innovative fixed income investment management solutions to institutional corporate investors. Clearwater designs strategies to meet specific client needs and its size and specialization allow it to provide clients a high-level of attention and access. In a market filled with cookie-cutter solutions, Clearwater’s value proposition has defined its reputation. The firm is currently managing ever $6 billion in separately managed accounts.
About State Street
State Street Corporation (NYSE: STT) is one of the world’s leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.19 trillion in assets under custody and administration and $2.45 trillion* in assets under management as of December 31, 2014, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold ETF (approximately $27.3 billion as of December 31, 2014), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.
1 Crane Data Money Fund Intelligence 2014
SOURCE: State Street Corporation