State Street has earned a quick dividend from its acquisition of Mourant International Fund Administration in April. It been appointed by Norges Bank to provide fund administration services for the real estate portion of the Norwegian Government's pension fund. State Street will provide administration, accounting and director services for the fund's USD20bn global real estate investments and will also provide reporting and joint venture structuring services.Through its acquisition of Mourant, State Street has become a major real estate fund administrator, servicing more than 290 primary funds with approximately USD50bn in real estate assets.
