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Sacramento Regional Transit District seeks custodian for 2 pension funds
trueSacramento (Calif.) Regional Transit District is searching for a custodian for its two defined benefit pension funds, confirmed Colleen Trant, procurement analyst.
South Africa's GEPF searching for custodian
trueGovernment Employees Pension Fund, Pretoria, South Africa, is searching for a custodian.
Regulators put indemnification costs in spotlight
trueThe cost of indemnification — insurance against counterparty default — might have to be carried on bank balance sheets under possible domestic and international regulations, and that could spur asset owners to make changes in their securities lending programs.
BNY Mellon settles with Pa. funds, stays on as custodian
trueBank of New York Mellon will pay a total of $19 million in a settlement with the $49.4 billion Pennsylvania Public School Employees' Retirement System, $25.7 billion Pennsylvania State Employees’ Retirement System and the Pennsylvania state treasury over losses the three sustained in an investment ...
Croydon Pension Fund sticks with BNY Mellon for custody
trueLondon Borough of Croydon Pension Fund, Croydon, England, renewed its contract with BNY Mellon to provide custody, fund administration and cash management services.
Chicago teachers divides custody, securities lending assignments
trueChicago Public School Teachers' Pension & Retirement Fund hired Bank of New York Mellon as custodian and Deutsche Bank as securities lending agent and collateral manager.
BNY Mellon to acquire rest of HedgeMark International
trueBank of New York Mellon announced Monday it will take full ownership of risk analytic and data aggregation service provider HedgeMark International.
New Jersey Division of Investment looking for firm to provide custody, management
trueNew Jersey Division of Investment issued an RFP for custodial and management services for the state's cash management fund.
N.M. Educational Retirement Board enrolls Segal for auditing services
trueNew Mexico Educational Retirement Board, Santa Fe, approved hiring Segal for actuarial audit services.
Nevada treasurer needs custodian for 5 state funds
trueNevada State Treasurer's Office, Carson City, is searching for a custodian for five funds it oversees.
Collateral management gets spotlight
trueAsset owners are taking a broader view of collateral management, with more attention being paid by the front office to what historically was a back-office function.
Lincoln Police & Fire on stakeout for 1st global custodian
trueLincoln (Neb.) Police & Fire Pension Fund is looking for its first external global custodian.
Philadelphia Gas Works pension fund rehires Wells Fargo as master custodian
truePhiladelphia Gas Works Retirement Reserve rehired Wells Fargo Bank as master custodian.
AP2, AP3 each seek global custodian
trueAP2 and AP3 are searching for a custodian to provide global custody and related services.
Finadium: Securities lending still popular, especially among larger plans
trueAbout 80% of all asset owners in consultant Finadium's database had securities lending programs in place in 2013, with larger asset owners being more likely to have such programs.