Asset servicing

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  1. Apex Fund Services picks new CEO

    trueWilliam Salus was named CEO of alternative fund administrator Apex Fund Services.

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  1. 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.

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  2. 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.

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  3. 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.

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  4. 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.

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  5. Monroe, Conn., on lookout for pension fund consultant

    trueMonroe, Conn., is searching for an investment consultant for its $20 million pension fund.

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  6. 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.

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  7. Montana Board of Investments keeps State Street as custodian

    trueMontana Board of Investments rehired State Street Bank as custodian, pending contract negotiations.

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  8. Arizona reissues RFP for performance audit for 2 pension funds

    trueArizona Office of the Auditor General, Phoenix, reissued an RFP for a firm to conduct a performance audit of the $33.7 billion Arizona State Retirement System and $7.9 billion Arizona Public Safety Personnel Retirement System.

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  9. Asset owners mull tightening control on trade execution

    trueAsset owners are paying a lot more attention to where their money managers execute trades — decisions that have generally been left to the discretion of the managers — and some are considering directing their managers to avoid specific venues.

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  10. No summer lull in transition management

    trueJuly – a normally quiet month in transition management – was anything but this year.

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  11. Concord Contributory issues call for custodian

    trueConcord (Mass.) Contributory Retirement System is searching for a custodian.

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  12. J.P. Morgan promotes new head of global custody

    trueChris Rowland was named global head of custody for J.P. Morgan Chase's custody and fund services business, effective immediately, said a memo to company staff.

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  13. Iowa Municipal Fire & Police seeks actuarial auditor

    trueIowa Municipal Fire & Police Retirement System issued an RFP for an actuarial audit services firm.

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