Asset servicing

Scottish Borders Council picks Northern Trust as custodian

Scottish Borders Council hired Northern Trust to provide global custody and other services.

March 09, 2017 | 10:21 am

New Jersey Pension Fund keeps State Street as custodian

The New Jersey Division of Investment rehired State Street for global custody services for the $71.2 billion New Jersey Pension Fund, Trenton.

March 08, 2017 | 04:07 pm
Investors lower hedge fund return expectations for 2017 — report

Investors lower hedge fund return expectations for 2017 — report

Institutional investors lowered the target return for their hedge fund portfolios in 2017, showed results of a global hedge fund survey released Wednesday.

March 08, 2017 | 03:44 pm
Number of investment management industry analysts declines in 2016

Number of investment management industry analysts declines in 2016

The U.S. investment industry shed 1,500 research analyst jobs in 2016, or 9.2% of its staff from the end of 2015, according to data from eVestment.

March 01, 2017 | 12:09 pm
 A sampling of changes in the DC record keeping arena

A sampling of changes in the DC record keeping arena

The defined contribution record keeping business continues to shift amid ownership changes, sales and spinoffs as corporate parents change their strategies.

February 22, 2017 | 06:00 am
Many acquisitions lose luster over time

Many acquisitions lose luster over time

Companies that once swallowed up DC record keepers and other benefits businesses to diversify, expand and increase shareholder value are now regurgitating them to consolidate — again to...

February 20, 2017
Northern Trust to acquire UBS' Swiss and Luxembourg fund administration units

Northern Trust to acquire UBS' Swiss and Luxembourg fund administration units

Northern Trust agrees to acquire UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland.

February 20, 2017 | 06:35 am
Technology drives Blackstone buy of Aon record keeper

Technology drives Blackstone buy of Aon record keeper

Blackstone's up to $4.8 billion acquisition of a majority interest in Aon's benefits administration and human resources unit has some industry insiders wondering what the giant alternative investment ...

February 20, 2017

BlackRock names co-heads of transition management

Justine Anderson and Peter Loehnert were named global co-heads of transition management at BlackRock, according to an internal memo to staff obtained by Pensions &...

February 14, 2017 | 09:56 am

Kentucky Retirement Systems issues call for auditor

Kentucky Retirement Systems, Frankfort, is searching for a firm to audit its financial statements for fiscal years 2017, 2019 and 2020.

February 13, 2017 | 03:40 pm

How the P&I 1000 data were compiled

Pensions & Investments gathered information for this report on the 1,000 largest plans from questionnaires and data published in regulatory filings.

February 06, 2017
Fewer banks, more assets

Fewer banks, more assets

The number of commercial banks in the U.S. stood at 5,141 as of Jun. 30, 2016, down 20% from 6,402 at the end of 2010.

February 03, 2017 | 12:21 pm

North Adams Retirement seeks custodian/master trust provider

North Adams (Mass.) Retirement System is searching for a firm to provide institutional custodial/master trust services.

February 01, 2017 | 11:44 am

BlackRock, AllianzGI move $1.5 trillion in custody assets to J.P. Morgan, State Street

BlackRock hired J.P. Morgan Chase as custodian to more than $1 trillion in BlackRock client assets.

January 25, 2017 | 12:04 pm

Merced County Employees mulls custody negotiations with Northern Trust after stalling with BNY Mellon

Merced County (Calif.) Employees' Retirement Association's board on Thursday will consider a staff proposal to begin custody contract negotiations with Northern Trust, which was the second-place...

January 23, 2017 | 04:20 pm