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Apex acquires hedge fund administrator Pinnacle Fund Administration
trueApex Fund Services on Tuesday announced it had acquired hedge fund administrator Pinnacle Fund Administration.
University of Edinburgh taps 2 firms for consulting, administration and actuarial services
trueUniversity of Edinburgh Staff Benefits Scheme hired Hymans Robertson to provide administration services and continue as investment consultant, and Mercer to provide actuarial services.
Oklahoma Teachers eyes replacing J.P. Morgan with Northern Trust as custodian
trueOklahoma Teachers' Retirement System intends to hire Northern Trust to provide custodial, securities lending and commission recapture services if the two parties can agree on contract terms.
Kentucky Retirement Systems drops PIMCO and Pyramis, adds transition manager
trueKentucky Retirement Systems hired State Street Global Markets as a transition manager, and terminated PIMCO and Pyramis Global Advisors because of personnel changes at the money managers.
Northern Trust to pay $36 million in securities lending settlement
trueNorthern Trust Corp. will pay $36 million to settle a class-action lawsuit filed by 1,500 retirement plans that accused the firm of causing large losses stemming from the bank's securities lending program during the financial crisis
BNY Mellon revises fourth-quarter income on $598 million in FX lawsuit costs
trueBank of New York Mellon expects to resolve “substantially all” of the foreign exchange-related lawsuits against it, the custody bank said in announcing adjusted fourth-quarter earnings.
South African government employees picks Standard Bank as sole custodian
trueGovernment Employees Pension Fund, Pretoria, South Africa, hired Standard Bank as its sole custodian.
Illinois State Board of Investment hunting for securities lending services
trueIllinois State Board of Investment, Chicago, issued an RFP for firms to provide securities lending services for both U.S. and international securities.
eSecLending adds head of project management
trueLarry Albaugh was named vice president, head of project management, at securities lending firm eSecLending.
Quebec Construction Industry Pension Plan seeks actuary
trueCommission de la Construction du Quebec, Montreal, is searching for an actuary for the C$15.9 billion (US$12.8 billion) Quebec Construction Industry Pension Plan.
SS&C Technologies Holdings acquires Advent Software
trueSS&C Technologies Holdings agreed to acquire Advent Software for $2.7 billion in cash.
Western Australia government employees' fund moves to Northern Trust for custody
trueGovernment Employees Superannuation Board, Perth, Australia, hired Northern Trust as global custodian.
Credit Suisse closing securities lending business for institutional investors
trueCredit Suisse is shutting down its managed lending business, which provides third-party agency securities lending services to large institutional investors.
Oklahoma Public Employees re-signs actuary, auditor
trueOklahoma Public Employees Retirement System rehired Cavanaugh Macdonald Consulting and Finley & Cook as its actuarial consultant and internal auditor, respectively, pending successful contract negotiations.
Illinois Municipal digging for transition managers
trueIllinois Municipal Retirement Fund is searching for several transition managers.