State Street Named by Marshall Wace to Provide Investment Services for New Exchange Traded Fund

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State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, announced today that it has been appointed to provide investment services to hedge fund group Marshall Wace for its new equity-neutral exchange traded fund (ETF)– MW TOPS Global Alpha.

DUBLIN and BOSTON — 22 April 2010 —State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, announced today that it has been appointed to provide investment services to hedge fund group Marshall Wace for its new equity-neutral exchange traded fund (ETF)– MW TOPS Global Alpha. According to Marshall Wace, it is the first ETF targeting an absolute return from a single investment strategy and the first ETF in Europe to be run by a dedicated alternative asset manager.

The innovative fund, listed on the London and Frankfurt stock exchanges, provides exposure to a range of investment strategies, comprising mainly large-cap equities and equity-related securities. State Street’s operations in Ireland will provide a comprehensive range of custody and fund administration services to the new fund.

Marshall Wace’s decision was guided by State Street’s experience in the ETF servicing marketplace, its global presence and local leadership in investment servicing, and its demonstrable expertise in supporting a complex, high volume, UCITS compliant, daily valuing fund.

“We are delighted to have been selected by Marshall Wace to provide investment services for this innovative new product,” said Gavin Nangle, vice president and Head of Business Development for State Street in Ireland.  “Marshall Wace is one of the leading forces in the alternatives segment of the market and we look forward to building a meaningful and long-term partnership with them.”

Since its entry into the Irish market in 1996, State Street has grown to be one of the country’s largest fund administrators and custodians. State Street has approximately 2,000 employees in Ireland and has offices in Dublin, Drogheda, Kilkenny and Naas. 

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management, and investment research and trading. With $19 trillion in assets under custody and administration and $1.9 trillion in assets under management at March 31, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street atwww.statestreet.com.

About Marshall Wace

Marshall Wace is one of the world’s leading hedge fund groups managing global equity long-short strategies. Marshall Wace was established in 1998 and today has offices in London, Connecticut and Hong Kong.

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