<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b), (c),
AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. __)
INVESTORS FINANCIAL SERVICES CORP.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
461 915 100
--------------------------------------------------------
(CUSIP Number)
March 26, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the Rule Pursuant to which
this Schedule is filed.
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
Page 1 of 7 pages
<PAGE>
- ----------------------------------- ------------------------------
CUSIP No. 461 915 100 13G Page 2 of 7 Pages
----------------- ---------- ----------
- ----------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Hazelnut Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 900,000
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 900,000
---------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
900,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
Page 2 of 7 pages
<PAGE>
- ----------------------------------- ------------------------------
CUSIP No. 461 915 100 13G Page 3 of 7 Pages
----------------- ---------- ----------
- ----------------------------------- ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Robert A. Day
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 900,000
---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 900,000
---------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
900,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
Page 3 of 7 pages
<PAGE>
Item 1.
(a) Name of Issuer:
INVESTORS FINANCIAL SERVICES CORP.
(b) Address of Issuer's Principal Executive Offices:
200 Clarendon Street, P.O. Box 9130
Boston, Massachusetts 02116
Item 2.
(a) Name of Persons Filing:
This Statement is being filed on behalf of Hazelnut Partners,
L.P., a California limited partnership ("Hazelnut"), and
Robert A. Day, an individual and the sole general partner of
Hazelnut ("Day" and together with Hazelnut the "Reporting
Persons"). See Exhibit A attached hereto.
(b) Address of Principal Business Office of the Reporting Persons:
c/o Oakmont Corporation
865 South Figueroa Street, Suite 700
Los Angeles, California 90017
(c) Citizenship:
Regarding Hazelnut, California.
Regarding Day, United States of America.
(d) Title of Class of Securities:
COMMON STOCK
(e) CUSIP Number:
461 915 100
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:
Regarding Hazelnut and Day:
(a) / / Broker or Dealer registered under Section
15 of the Exchange Act;
(b) / / Bank as defined in section 3(a)(6) of the
Exchange Act;
(c) / / Insurance Company as defined in section
3(a)(19) of the Exchange Act;
(d) / / Investment Company registered under
section 8 of the Investment Company Act;
(e) / / Investment Adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
(f) / / An Employee Benefit Plan, or Endowment
Fund in accordance with Rule 13d-1(b)(1)
(ii)(F);
(g) / / Parent Holding Company or Control Person
in accordance with 13-1(b)(ii)(G);
(h) / / A Savings Association as defined in
Section 3(b) of the Federal Deposit
Insurance Act;
Page 4 of 7 pages
<PAGE>
(i) / / A Church Plan that is excluded from the
definition of an Investment Company under
Section 3(c)(14) of the Investment Company
Act;
(j) / / Group, in accordance with Rule 13d-1(b)(1)
(ii)(H)
If this statement is filed pursuant to Rule 13d-1(c), check
this box. /X/
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issue identified in
Item 1.
Regarding Hazelnut:
The information from paragraphs 5 through 9 and 11 of page 2 is
incorporated herein by reference.
Regarding Day:
The information from paragraphs 5 through 9 and 11 of page 3 is
incorporated herein by reference. Day is the sole general partner
of Hazelnut.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below each of the undersigned certify that, to the best of
their knowledge and belief, the securities referred to above were
acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Page 5 of 7 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their respective knowledge
and belief, the undersigned each certify that the information set forth in this
Statement is true, complete and correct.
April 6, 1999
HAZELNUT PARTNERS, L.P.
By: /s/ Robert A. Day
----------------------------
Robert A. Day
General Partner
ROBERT A. DAY
/s/ Robert A. Day
-------------------------------
Page 6 of 7 pages
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
Pursuant to Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree and consent (i) to the joint filing on
their behalf of this Schedule 13G dated April 6, 1999 in connection with the
common stock of Investors Financial Services Corp., and (ii) to the joint filing
on their behalf of any amendments thereto.
April 6, 1999
HAZELNUT PARTNERS, L.P.
By: /s/ Robert A. Day
-------------------------------------------
Robert A. Day
General Partner
ROBERT A. DAY
/s/ Robert A. Day
-----------------------------------------------
Page 7 of 7 pages
