State Street will provide fund services for two funds managed by Galapagos Global Capital Management, the US-based hedge fund manager of Brazilian-founded Investment Company Galapagos Capital.

State Street will provide fund accounting, fund administration and investor servicing for the Galápagos Macro Master and Galápagos Macro Cayman funds.

According to a press statement, State Street "will leverage its robust infrastructure and global capabilities to deliver these services, helping Galapagos Capital to optimise investment operations, navigate complex market conditions and drive sustainable growth".

“We are honoured to have earned the trust of Galapagos Capital to provide them with comprehensive asset servicing solutions,” said Otavio Scuccuglia, Head of Sales, Brazil at State Street. “This mandate underscores our commitment to delivering value and tailored services that are designed to meet the evolving needs of our clients.”