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New Jersey Transit searching for administrator, custodian services
trueNew Jersey Transit Corp. is looking for an administrator, custodian and trustee for its five defined benefit pension funds.
Legal troubles could jeopardize BNP Paribas' U.S. growth plans
trueBNP Paribas Securities Services' plans to expand in the U.S. could be hampered because of last month's guilty plea by its French banking parent to processing $30 billion in transactions with countries that are under U.S. government sanction.
Pension Protection Fund preps custodian search
truePension Protection Fund expects to launch a search for a custodian in the next few months.
St. Joseph keeps U.S. Bank as manager of transit employee funds
trueSt. Joseph, Mo., rehired U.S. Bank as investment manager and custodian of its two transit employee pension funds.
Texas Teachers sticks with State Street for custody, securities lending
trueexas Teacher Retirement System rehired State Street Bank for custodial and securities lending services.
State Street reaches $60 million settlement over shareholder lawsuit
trueState Street Corp. has reached a $60 million settlement on a class-action lawsuit led by the $24 billion Mississippi Public Employees' Retirement System, Jackson, and Union Asset Management Holding AG, regarding its foreign-exchange trading services.
Norfolk County opens searches for transition, real estate and private equity managers
trueNorfolk County Retirement System, Canton, Mass., is seeking a transition manager, a real estate fund-of-funds manager to run up to $10 million and a private equity co-investment manager to run up to $15 million, said RFPs posted on the website of Wainwright Investment Counsel, consultant to the ...
DeAWM to outsource real estate fund administration to BNY Mellon
trueDeutsche Asset & Wealth Management reached a proposed agreement to outsource its real estate fund administration, with about $47.6 billion in assets under administration, to Bank of New York Mellon Alternative Investment Services.
Finland's VER taps BNY Mellon as custodian
trueValtion Elakerahasto, Helsinki, hired Bank of New York Mellon as global custodian for its direct equity and fixed-income investments.
Deutsche Bank makes securities lending inroads
trueMore public pension funds are hiring third-party securities lending agents rather than bundling those services with their custodians and Deutsche Bank Agency Securities Lending appears to be getting the lion’s share of the unbundled business.
Devon County Council picks Northern Trust for custody, securities lending
trueDevon County Council Pension Fund, Exeter, England, hired Northern Trust to provide global custody and securities lending services.
No Portfolio is an Island
trueFinancial assets are one component of total wealth. But as part of our financial picture, human capital, housing wealth, and pensions have exposures to different asset classes and risk factors. What happens when we consider these in when creating portfolios?
Lincoln Police & Fire collars first custodian
trueLincoln (Neb.) Police & Fire Pension Fund hired U.S. Bank as its first external custodian.
Macquarie expands transition management group
trueMark Dwyer was named head of portfolio solutions, Europe, Middle East and Asia, at Macquarie Securities Group, and Graham Cook was named senior transition manager.
Liquidnet settles with SEC over charges of misusing confidential customer info
trueLiquidnet reached a $2 million settlement with the SEC over charges that the institutional dark-pool operator used subscribers’ confidential information to market its services, the SEC said Friday.