Partners & Affiliates  

We understand there's no “one-size-fits-all” suite of services, and that individual markets can get lost in the big picture. That's why we partner with business leaders across the world to offer best-in-class services in key niche markets.

Investment Servicing

Elkins/McSherry, LLC
A wholly owned subsidiary of State Street, Elkins/McSherry is a leading trading cost consultant, monitoring costs for many of the world's largest pension plans, investment managers and broker/dealers. Utilizing specialized reports, Elkins/McSherry provides trading efficiency analyses that determine the relative cost to trade on various stock exchanges globally and the effectiveness of trades and brokers. Through Elkins/McSherry, State Street offers clients expertise and credibility in transaction cost measurement, an increasingly important tool for global investors.

International Financial Data Services
With its global headquarters in Toronto, Canada, International Financial Data Services (IFDS) is a world-leading provider of outsourcing and technology solutions to the financial services industry. With employees and partners located throughout Canada, Europe and Asia Pacific, IFDS services financial organizations around the world, providing solutions to a wide range of global asset managers, wealth managers, banks and insurance companies. IFDS is a 50/50 joint venture between Boston-based State Street Corporation, one of the world’s leading providers of financial services to institutional investors, and Kansas City, Missouri-based DST Systems Inc., a leading provider of specialized technology, strategic advisory and business operations outsourcing to the financial and healthcare industries. For more information, visit

International Fund Services
International Fund Services (IFS), acquired by State Street in July 2002, is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.

Investment Research and Trading

State Street Associates, LLC (SSA)
State Street’s academic affiliate, State Street Associates® (SSA), is a unique partnership that bridges the worlds of financial theory and practice. Part of State Street’s Global ExchangeSM division, SSA develops risk, investor behavior and economic indicators as well as investable indices for investment managers and institutional investors around the world. Its products leverage State Street’s proprietary information assets as well as data sourced through strategic partnerships with “Big Data” start-up companies in the Boston area. Its partners include renowned academics from the Harvard Business School, MIT’s Sloan School of Management and Boston College. Rooted in financial theory, SSA’s research agenda also recognizes that theory must bend to real-world complexities to meet the needs of its clients.

Blending the global assets, experience and intellectual capital of State Street Corporation, Windham Capital Management Boston, LLC and FDO Partners, LLC, State Street Associates provides leading-edge portfolio flow research, optimization and risk management technology, currency management in both developed and emerging markets, and global asset allocation.

FDO Partners is dedicated to providing world-class currency and country investment management and advisory services. Windham Capital Management Boston provides investment management and advisory services to the institutional investment community — specializing in currency management, global asset allocation and risk analysis.