State Street will provide securities pricing, account performance calculations and review, account transitions, record retention and reporting, and daily position reconciliation services from its operations in Munich, Germany and Newport Beach, Calif. ADAM is the holding company for, among others, Pacific Investment Management Company LLC (PIMCO).

"State Street's ability to anticipate our needs and offer a wide variety of leading-edge investment services and technology solutions, were key factors in our decision to expand our relationship," said Jay Jacobs, managing director and head of fixed income for ADAM.

This new mandate expands State Street’s existing relationships with both PIMCO and ADAM. State Street now provides a range of investor services for ADAM worldwide for assets totaling $580 billion, including $400 billion for PIMCO. State Street has served as custodian, accounting agent and valuation agent for PIMCO for the past 14 years. In 2000, PIMCO assigned its investment operations in Newport Beach to State Street. In the same year, PIMCO also became the global fixed income manager for ADAM. State Street also serves PIMCO and ADAM as fund accountant, transfer agent and custodian.

"Our deep and long-term relationships, with the world’s most sophisticated asset managers continue to be a major factor in our success. We have enjoyed a longstanding relationship with these two leaders, and look forward to providing them with continued service excellence," said Jay Hooley, executive vice president and head of investment servicing at State Street. "As global investment managers seek out providers with a proven history of providing full-service solutions, State Street is the clear investment services partner of choice."