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BNP Paribas picks up securities lending team
A seven-person securities lending team from Wells Fargo led by Lance Wargo has joined BNP Paribas Securities Services.
Texas Teachers' securities lending program earns $940 million over decade
Texas Teacher Retirement System, Austin, has earned a total of $940 million in securities lending revenue from the onset of the program in 2002 through Dec. 31, 2012.
Connecticut Retirement OKs Deutsche Bank for securities lending
Connecticut Retirement Plans & Trust Funds, Hartford, has hired Deutsche Bank, pending successful contract negotiations, for securities lending component.
Tennessee Consolidated adds emerging markets equities, strategic lending
Tennessee Consolidated Retirement System, Nashville, will add new 5% allocations each to emerging markets equities and strategic lending following approval Sept. 28 for the move by the $34.8 billion pension fund's board.
Connecticut on lookout for custody, securities lending providers
Connecticut Retirement Plans & Trust Funds, Hartford, issued an RFP for at least one firm to provide global trust/custody, securities lending, foreign exchange and risk management services.
BNY Mellon fails to get suit over Lehman losses dismissed
Bank of New York Mellon lost a bid to dismiss a lawsuit by two Detroit public pension plans alleging it mishandled the pension funds' investments in Lehman Brothers Holdings while persuading a judge to narrow the claims in the case.
Kentucky Retirement seeks global custodian; incumbent in the horse race
Kentucky Retirement Systems, Frankfort, is searching for a global custodian, confirmed T.J. Carlson, chief investment officer of the $13.7 billion pension fund.Incumbent Northern Trust is invited to rebid.A firm will be hired to provide global custodial services, record keeping, accounting
Texas Muni rehires State Street as custodian, taps Deutsche Bank for securities lending
Texas Municipal Retirement System rehired State Street as global custodian and hired Deutsche Bank as securities lending agent.
Illinois State Universities Retirement keeps Northern Trust as custodian
Illinois State Universities Retirement System, Champaign, rehired Northern Trust as global custodian.
LACERS lawsuit sparking new concerns about liability
A lawsuit claiming that Pension Consulting Alliance failed to monitor a Northern Trust investment from the Los Angeles City Employees' Retirement System could have implications for investment consultants.
Concordia University chooses CIBC Mellon as custodian
Concordia University, Montreal, hired CIBC Mellon as custodian for its pension plan and foundation.
Wells Fargo to face investors' class action over securities lending
Wells Fargo must face a class-action lawsuit by institutional investors who claim the bank marketed a risky securities-lending program it said was safe.
Northern Trust loses round in securities lending suit
Northern Trust's third-party complaint that the boards of trustees of four pension funds were responsible for losses incurred from the firm's securities lending program was dismissed.
Illinois Teachers seeks third-party securities lending agent
Illinois Teachers' Retirement System authorized a search for the $36 billion system's first third-party securities lending agent.
AFTRA pension fund in settlement with J.P. Morgan - Pensions & Investments
J.P. Morgan Chase reached an “agreement in principal” to settle a class-action lawsuit filed by the $1.5 billion American Federation of Television and Radio Artists Retirement Fund and others claiming losses from the bank's securities lending program.