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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.
Florida SBA nears decisions on brokerage, collateral management searches
trueFlorida State Board of Administration, Tallahassee, is considering five firms in its search for prime brokerage services: Citigroup, Deutsche Bank, New Edge, Bank of America Merrill Lynch and Bank of New York Mellon unit Pershing LLC.
Market share increasing for largest FX dealers — report
trueThe five largest foreign-exchange dealers by market share handled more than half of all FX trades in 2013, and more volume will head to those dealers in the future, said a Greenwich Associates report issued Thursday.
LACERS readies custodian search; earmarks $35 million to venture capital
trueLos Angeles City Employees' Retirement System approved issuing an RFP for a firm to provide custodial and securities lending services, minutes from a recent meeting show.
Chicago Police pension fund on lookout for transition managers
trueChicago Policemen's Annuity & Benefit Fund is searching for one or more transition managers
Apex Fund Services picks new CEO
trueWilliam Salus was named CEO of alternative fund administrator Apex Fund Services.
Minnesota State Board of Investment searches for transition manager
trueMinnesota State Board of Investment plans to look for a transition manager.
Questions over dark pools prompt changes in best execution
trueRecent investigations into dark pools and high-frequency trading are causing institutional investors to reconsider just what constitutes best execution — and how to measure it. And the pressure to convey that to asset owners is falling on money managers and investment consultants.
CalSTRS picks firms for securities lending, cash collateral management
trueCalSTRS intends to award contracts to several firms to provide securities lending and cash collateral management services for its equity portfolio.
Ann Arbor Employees chooses Russell for transition management
trueAnn Arbor (Mich.) Employees' Retirement System hired Russell Investments to handle the transition of $56 million in actively managed core fixed-income assets from terminated manager Bradford & Marzec.
New Mexico PERA lines up custodian search
trueNew Mexico Public Employees Retirement Association is expected to launch an RFP for a custodian on Sept. 2.
Monroe, Conn., on lookout for pension fund consultant
trueMonroe, Conn., is searching for an investment consultant for its $20 million pension fund.
Erie, Pa., wants small- and midcap managers, custodian for 4 pension funds
trueErie, Pa., is searching for a custodian, a midcap core equity manager to run approximately $26 million and a small-cap growth equity manager to run approximately $12 million for the city's four pension funds.