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Access to liquidity key concern for equity traders, survey finds
trueEighty-four percent of institutional equity traders are either “concerned” or “very concerned” about sourcing liquidity in the current market, according to a Liquidnet survey.
Carlyle takes stake in fund administration firm Conifer Financial Services
trueThe Carlyle Group will acquire a majority stake in asset services firm Conifer Financial Services, in a deal expected to close in the second quarter.
John Heathcoat pension fund selects Punter Southall for actuarial, investment services
trueJohn Heathcoat Pension Scheme hired Punter Southall to provide actuarial, administration, risk and investment services.
New Hampshire 457 plan scouting for provider
trueNew Hampshire Public Employees Deferred Compensation Plan is searching for a bundled provider for the $277 million 457 plan.
Berkeley Police/Fire Employees on lookout for custodian
trueBerkeley (Mo.) Police/Fire Employees Retirement System is searching for a custodian.
Loss of market makers may lead to buy-and-hold strategies
trueCorporate fixed-income investing is becoming a buy-and-hold market, as the reduction of traditional market makers and the resulting loss in inventory make active trading strategies more risky.
El Paso County Retirement Plan launches custodian search
trueEl Paso County Retirement Plan is searching for a custodian.
Mitsubishi UFJ Fund Services hires new CEO
trueKen McCarney was named CEO at Mitsubishi UFJ Fund Services, the alternative fund administration unit of Mitsubishi UFJ Trust and Banking Corp.
ATB Financial looking for global custodian for pension plan
trueATB Financial Pension Plan, Edmonton, issued an RFP for a global custodian for the C$385 million ($305 million) defined benefit plan.
University of Kentucky prowling for endowment custodian
trueUniversity of Kentucky is searching for a custodian for the school’s $1.2 billion endowment.
Lancashire County pension fund taps 8 firms for transition management stable
trueLancashire County Council Pension Fund chose eight transition managers to form a panel that could oversee changes to its money managers.
Illinois State Board plans RFP for custody, risk analytics
trueIllinois State Board of Investment plans to issue RFPs this summer for custody and risk analytics services.
Pension Protection Fund chooses Northern Trust as custodian
trueThe Pension Protection Fund hired Northern Trust as custodian for its £20 billion ($31.6 billion) of assets, said a spokeswoman for the pension fund.
Chicago Public School Teachers seeking fiduciary, tax, legal advice
trueChicago Public School Teachers’ Pension & Retirement Fund issued an RFP for fiduciary, tax and investment legal services.
Asset owners retool lending guidelines
trueThe changes by BlackRock Inc., Northern Trust Asset Management and State Street Global Advisors are the latest developments in the rapidly evolving securities lending industry.