Asset servicing

Apex acquires hedge fund administrator Pinnacle Fund Administration

Apex Fund Services on Tuesday announced it had acquired hedge fund administrator Pinnacle Fund Administration.

March 03, 2015 | 01:58 pm

University of Edinburgh taps 2 firms for consulting, administration and actuarial services

University of Edinburgh Staff Benefits Scheme hired Hymans Robertson to provide administration services and continue as investment consultant, and Mercer to provide...

March 02, 2015 | 11:34 am

Oklahoma Teachers eyes replacing J.P. Morgan with Northern Trust as custodian

Oklahoma Teachers' Retirement System intends to hire Northern Trust to provide custodial, securities lending and commission recapture services if the two parties can agree on contract terms.

February 27, 2015 | 04:21 pm

Kentucky Retirement Systems drops PIMCO and Pyramis, adds transition manager

Kentucky Retirement Systems hired State Street Global Markets as a transition manager, and terminated PIMCO and Pyramis Global Advisors because of personnel changes at the money...

February 25, 2015 | 04:24 pm

Northern Trust to pay $36 million in securities lending settlement

Northern Trust Corp. will pay $36 million to settle a class-action lawsuit filed by 1,500 retirement plans that accused the firm of causing large losses stemming from the bank's securities lending...

February 18, 2015 | 06:38 pm
BNY Mellon revises fourth-quarter income on $598 million in FX lawsuit costs

BNY Mellon revises fourth-quarter income on $598 million in FX lawsuit costs

Bank of New York Mellon expects to resolve “substantially all” of the foreign exchange-related lawsuits against it, the custody bank said in announcing adjusted fourth-quarter earnings.

February 18, 2015 | 04:00 pm

South African government employees picks Standard Bank as sole custodian

Government Employees Pension Fund, Pretoria, South Africa, hired Standard Bank as its sole custodian.

February 12, 2015 | 11:27 am

Illinois State Board of Investment hunting for securities lending services

Illinois State Board of Investment, Chicago, issued an RFP for firms to provide securities lending services for both U.S. and international securities.

February 09, 2015 | 04:19 pm

eSecLending adds head of project management

Larry Albaugh was named vice president, head of project management, at securities lending firm eSecLending.

February 05, 2015 | 03:46 pm

SS&C Technologies Holdings acquires Advent Software

SS&C Technologies Holdings agreed to acquire Advent Software for $2.7 billion in cash.

February 03, 2015 | 01:34 pm

Quebec Construction Industry Pension Plan seeks actuary

Commission de la Construction du Quebec, Montreal, is searching for an actuary for the C$15.9 billion (US$12.8 billion) Quebec Construction Industry Pension Plan.

February 03, 2015 | 04:20 pm

Western Australia government employees’ fund moves to Northern Trust for custody

Government Employees Superannuation Board, Perth, Australia, hired Northern Trust as global custodian.

January 28, 2015 | 04:01 pm
Credit Suisse closing securities lending business for institutional investors

Credit Suisse closing securities lending business for institutional investors

Credit Suisse is shutting down its managed lending business, which provides third-party agency securities lending services to large institutional investors.

January 22, 2015 | 03:27 pm

Oklahoma Public Employees re-signs actuary, auditor

Oklahoma Public Employees Retirement System rehired Cavanaugh Macdonald Consulting and Finley & Cook as its actuarial consultant and internal auditor, respectively,...

January 16, 2015 | 01:44 pm

Illinois Municipal digging for transition managers

Illinois Municipal Retirement Fund is searching for several transition managers.

January 15, 2015 | 03:35 pm