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Goldman once again tops list of prime brokers
trueGoldman Sachs remains the top pick for hedge funds and investment firms as their main prime broker, with 27% of respondents, followed by Morgan Stanley (17%) and J.P. Morgan (8%). The data are from Eze Castle Integration's annual global hedge fund technology benchmark study for 2014; there were 194 ...
Minnesota State Board chooses 5 transition managers
trueMinnesota State Board of Investment on Tuesday selected BlackRock, Citigroup Global Markets, Northern Trust Corp., Russell Investments and State Street Corp. as transition managers to be used on an as-needed basis.
Canada Mortgage and Housing Corp. seeks administrator, record keeper
trueCanada Mortgage and Housing Corp. is searching for a firm to serve as both administrator and record keeper for its C$1.54 billion (US$1.36 billion) defined benefit plan.
El Paso County Retirement Plan mulls custodian search
trueEl Paso County Retirement Plan could issue an RFP for a trustee/custodian in January.
Toronto launches actuary search for 5 frozen DB plans
trueToronto is searching for a firm to conduct an actuarial valuation of the city’s five frozen defined benefit plans.
State Street edges BNY Mellon in custody assets
trueState Street Corp. moved ahead of Bank of New York Mellon Corp. as the largest custody bank in terms of assets, with a slight increase in assets under custody and related revenue in the third quarter, while BNY Mellon, J.P. Morgan Chase & Co. and Northern Trust Corp. all saw slight decreases in ...
Deutsche Bank appoints head of custody and clearing
trueElizabeth Nolan was named head of custody and clearing at Deutsche Bank's institutional cash and securities services unit, the bank's European custody business.
Justice Department targets J.P. Morgan Chase forex business in criminal probe
trueJ.P. Morgan Chase & Co.'s foreign exchange trading business is the target of a criminal probe by the U.S. Department of Justice, said a company filing with the SEC Monday.
Oklahoma Teachers issues call for custodians
trueOklahoma Teachers' Retirement System is searching for a firm to provide custodial, securities lending and commission recapture services.
Kansas PERS hires State Street as custodian, terminates 2 PIMCO investments
trueKansas Public Employees Retirement System hired State Street Bank as custodian, committed to a private equity fund and terminated Pacific Investment Management Co. for performance and senior management personnel changes.
State Street adds to asset servicing team
trueJane Kirkland was named senior vice president for investment servicing at State Street Global Services, the asset servicing unit of State Street Corp.
Custody banks report gains from year-earlier figures; State Street tops in size
trueState Street Corp. edged above Bank of New York Mellon Corp. as the largest custody bank in terms of assets, with a slight increase in assets under custody and related revenue in the third quarter, while BNY Mellon, J.P. Morgan Chase and Northern Trust all saw slight decreases in both categories.
eVestment countersues Compass iTech
trueeVestment filed a countersuit against Compass iTech, alleging the company illegally entered the eVestment database on several occasions and stole restricted data for its own commercial gain.
Towers Watson launches non-profit think tank to improve investment industry
trueTowers Watson is launching a global, non-profit think tank comprising asset owners, investment managers and other services providers that will focus on improving the investment industry for end savers.
Northern Trust names head of new representative office in Seoul
trueByun Jai Yung was appointed chief representative of Northern Trust’s newly opened representative office in Seoul.