Custody/trust

Government Employees Pension Fund is searching for a master custodian for the 1.05 trillion rand (US$118.7 billion) pension fund.

Texas A&M University System is searching for a master trust and custody services provider for its $2.2 billion cash concentration pool and $761 million System Endowment Fund.

ING Life Insurance and Annuity Co. will pay retirement plan clients $5.2 million as part of a settlement with the Department of Labor over charges that ING kept the gains from transaction processing errors for roughly 1,400 retirement plans.

New Hampshire Retirement System, Concord, is searching for a global custodian, confirmed spokesman Marty Karlon.The $6 billion pension fund is conducting the search as a due-diligence measure, Mr. Karlon said. Northern Trust, the current global custodian, is invited to rebid.The RFP is available

Colorado Fire & Police Pension Association rehired BNY Mellon as global custodian and Gabriel Roeder Smith as actuarial consultant, and committed $50 million to three alternatives managers.

Fresno (Calif.) City Retirement Systems is searching for a global custodian.

Los Angeles County Employees' Retirement Association issued an RFP for global custody and commercial banking services.

Minnesota State Board of Investment on Thursday rehired State Street Corp. as its master custodian for a five-year contract effective Jan. 1.

Stichting Algemeen Pensioenfonds Aruba, Oranjestad, hired State Street Global Services as global custodian for its $1 billion pension fund.

Fresno County (Calif.) Employees' Retirement Association hired Northern Trust as global custodian.

Nearly all the investment funds in the BNY Mellon Master Trust Universe reported positive returns in the third quarter, with a median return of 4.66% for the universe.