Union College, Schenectady, N.Y., hired State Street Bank to replace Fiduciary Trust as its custodian and hired PIMCO to replace Fiduciary as an active domestic fixed-income manager, said Mary Kabalin, financial analyst for the $245 million endowment. Joesph Cajigal, senior vice president for Fiduciary, did not return phone calls by press time. PIMCO will run $55 million previously managed by Fiduciary. The searches were done in-house.
Union College, Schenectady, N.Y., hired State Street Bank to replace...
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