State Street Corporation : State Street Announces New Form PF Reporting Service

BOSTON - State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, announced today that it has added private fund (Form PF) reporting capabilities for private fund advisers to its suite of reporting tools. The enhancements will help clients comply with the new Securities and Exchange Commission (SEC) rules impacting hedge, private equity, liquidity and other private funds.

Private fund advisers, which include hedge funds and private equity firms, will be required to adopt Form PF reporting in 2012 in order to comply with Section 404 of the Dodd-Frank Act. Section 404 requires registered investment advisers who manage one or more private funds to maintain records and file reports as mandated by the SEC for investor protection or for the assessment of systemic risk to the US Financial System by the Financial Stability Oversight Council (FSOC).

"Our goal is to provide our clients with new products and functionality to automate reporting and comply with changing regulatory requirements," said George Sullivan, executive vice president and head of State Street's alternative investment solutions group. "Clients can leverage our infrastructure and capabilities to help alleviate the administrative challenges they face and focus instead on growing their core business."

The comprehensive Form PF product offering will include service options ranging from fund-level information for funds administered at State Street to full form preparation including external third party data aggregation. Clients can also opt to have State Street submit the form directly to the SEC on their behalf. The Form PF reporting capabilities are part of State Street's suite of regulatory reporting services.

With more than $793 billion in alternative assets under administration as of September 30, 2011, State Street provides a complete suite of fund accounting, fund administration, corporate administration, and risk, analytics and credit services to institutional investors, hedge fund managers, private equity fund managers and real estate fund managers. Its dedicated global alternative investment solutions group comprises more than 3,000 employees worldwide.

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 $21.5 trillion in assets under custody and administration and $1.9 trillion in assets under management at September 30, 2011, State Street operates in 26 countries and more than 100 geographic markets. For more information, visit State Street's web site at www.statestreet.com.

*This AUM includes the assets of the SPDR Gold Trust (approx. $63 billion as of December 31, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent