Georgia Office of Treasury and Fiscal Services, Atlanta, hired JPMorgan Worldwide Securities Services, a unit of JPMorgan Chase, as securities lending agent for two active domestic fixed-income portfolios with a combined $1.1 billion in assets, confirmed Stephen J. Caffarelli, OTFS assistant director. It is the department's first securities lending program.
OTFS, the state's cash and investment manager, manages the $6.44 billion Georgia Fund 1 and the $1.22 billion Georgia Extended Asset Pool; both are investment pools available to municipal entities. It also administers the state's 529 college savings plan.
Chatham Partners assisted.