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September
Northern Trust announced today it has created new positions in its Global Fund Services (GFS) business
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Royal Bank of Scotland (RBS) has appointed a director of its fixed-income currencies and commodity prime brokerage team
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The CIO of the Virginia Retirement System (VRS) is to step down from his role once his contract expires in August 2011
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BNP Paribas Corporate and Investment Banking has made two appointments to its foreign exchange team
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CBOE Holdings will roll out its second all-electronic exchange in late October
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August
The Commodity Futures Trading Commission has issued new rules for the retail foreign exchange market
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Two Indiana public pension funds have appointed an investment chief
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Netik, a provider of financial data management and reporting services and products, announced today it has appointed a head of Product Management
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Charles Schwab has entered into an agreement to acquire ETF portfolio manager, Windward Investment Management
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J.P. Morgan Chase has appointed a global head of institutional sales
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Nathalie Bockler has left her role as managing director, Institutional Sales, Equity Finance/1Delta, Global Capital Markets at Societe Generale
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United Auto Workers’ (UAW) Retiree Medical Benefits Trust has picked Boston-based State Street and New York-based BlackRock to manage $6 billion
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Credit Suisse is expanding its range of Exchange Traded Funds (ETF) to include 13 new products
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Mark Barnes and Christiane Mandell have left Royal Bank of Scotland’s foreign exchange business
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San Diego County Employees Retirement Association has appointed PIMCO to run a cash management account
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TD Ameritrade Holding has launched futures and foreign-exchange trading capabilities
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Illinois Teachers’ Retirement System, Springfield, is planning to sell $3 billion in investments
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Man Group has appointed Luke Ellis to head its fund of funds business
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Despite a lack of consensus among fund managers on whether the worst is over for the sector, financials bounced back strongly in the MENA region, according to the latest sector update published by Standard & Poor’s Fund Services
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A class action lawsuit has been filed against Northern Trust in the US.
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Washington State Investment Board’s (WSIB) private equity investment officer, Brian Roberts, has quit from his current role
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Manulife Asset Management’s unit, Manulife Mutual Funds, has launched six new mutual funds
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New Mexico Educational Retirement Board, Santa Fe, will not renew WAMCO’s contract to manage $564 million in core fixed income
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First Republic Bank has appointed Erich Zarnfaller as a managing director of foreign exchange
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IPC Systems today announced that GFI Group has implemented IPC’s IQ/MAX trading solution
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J.P. Morgan Chase's asset management division has reshuffled its investment management unit
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Morgan Stanley Investment Management has appointed Jack O'Connor as managing director and head of North American institutional sales
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San Diego County Employees Retirement Association has awarded two fixed income mandates
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Boston-based investment group, Ameriprise Financial will combine 62 mutual funds, including several from its acquisition of Columbia Management
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BNP Paribas has made two key appointments
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In the first of an exclusive two part interview read Nick Bonn's reaction to the departures that rocked the bank and get his thoughts on Premier Global Securities Lending
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US Bank is purchasing First National Trust’s bond and transfer agent business
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NASDAQ OMX is planning to roll out a third equities exchange next month
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State Street Corporation today announced significant enhancements to its risk analytics and servicing tools for institutional investors
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Private Bank Brown Shipley has strengthened its fund management team with the appointment of Simon Nicholas as Senior Fund Manager
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The California State Teachers’ Retirement System (CalSTRS) has appointed John Petzold as director of investment management/deputy CIO
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The Federal Reserve Bank of New York has expanded its list of counterparties used for reverse repurchase agreements to add money market funds
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Wyoming Retirement Systems is looking for multiple managers to run $560 million
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OneAmerica Funds has appointed BNY Mellon Asset Servicing
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Energy Capital has raised $4.335 billion for its second private equity fund
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Andrew Donohue, the mutual fund regulator of Securities and Exchange Commission (SEC) is resigning from his role
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Marie Kemp Joins RBS Equity Prime Services as head of EPS Marketing and Distribution, EMEA
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Penson Financial Services has appointed a new head of sales
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Global Investor/isf is running a survey in conjunction with SunGard and hope to be able to present the results in the forthcoming IMN/RMA conference issue.
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BATS Global Markets has obtained regulatory approval to launch a second US stock exchange
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Morgan Stanley’s former fixed-income banker, Zoe Cruz, has set up her own hedge fund, Voras Capital Management
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Deutsche Bank has made Angharad Fitzwilliams responsible for sales at its Ucits platform
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Montana Board of Investments, Helena, is conducting an asset-liability study for the $2.5 billion Montana Teachers’ Retirement System
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Vanguard has terminated AXA Rosenberg’s over $1 billion mandate
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Connecticut Retirement Plans and Trust Funds is planning to start an asset allocation and liability study in 2011
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Goldman Sachs has appointed a successor to Howard Schiller as chief operating officer of the firm’s investment-banking division
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Illinois Teachers’ Retirement System has awarded an additional $322.6 million to its four property fund managers
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Nomura Securities International has appointed a head of international trading in the Americas
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Alpha Financial Technologies (AFT) has introduced a long-short index designed to capture the economic benefit of price trends within the currency futures markets
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Barclays Capital, the investment-banking unit of Barclays, is planning to lay off 400 back-office staff globally
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FletcherBennett and Invus Financial Advisors have set up a joint venture to roll out a fund of hedge funds firm
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The fragmentation of US stock trading across 50 venues dominated by computerized traders is hurting investors, say executives
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Lockwell Investments has appointed a principal who will be responsible for consultant relations and sales
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Deutsche Bank has spun off the quantitative strategies unit from DB Advisors
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Private equity firms are considering buying Morgan Stanley’s troubled real estate funds business
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Moody’s data reveals the extent of manager support for money market funds, and especially during the height of the 2007-2009 financial crisis
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Aviva Investors North America awards full-service fund operations outsourcing mandate for its new mutual fund offering
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Eight catastrophe bond deals worth more than £2 billion in risk capital were completed in the second quarter of 2010
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Citigroup is planning to triple the size of its hedge funds platform
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Deutsche Bank has made two hires in its Institutional Client Group.
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BNY Mellon Asset Servicing has improved its Workbench platform to help institutional investors comply with new accounting standards
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BNY Mellon Corporate Trust has boosted its structured finance business with two hires
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Citigroup’s Global Transaction Services business has appointed Glenn Curtis as manager of Market Intelligence for Depositary Receipts Services
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BNP Paribas Fortis has agreed to a management buy-out bid for a subsidiary, the US fund manager Montag & Caldwell
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Bank of New York Mellon has appointed a CEO of its asset management division
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Bank of America Merrill Lynch has bolstered its US management team by bringing Mark Bailey back to its New York office
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Two banks will share the title of Greenwich Associates Share Leaders in Overall US Fixed Income for 2010
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High gold prices are leading fund managers to re-evaluating their holdings
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J.P. Morgan has rehired Daniel Zelikow as head of a new division within its global corporate bank
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New York State Teachers’ Retirement System has renewed the contract of BlackRock Institutional Trust
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Simple Alternatives, an institutional alternative mutual fund provider, has appointed Bruce MacDonald as its CIO
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Instinet has rolled out a platform for executing US equity-listed options
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IPC Systems has announced the opening a new express route to existing points-of-presence (POPs) between Chicago and New Jersey
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Newton, part of BNY Mellon Asset Management, has announced the appointment of Suzanne Hutchins to the newly created role of Real Return portfolio manager and investment specialist
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Stanford University will appoint Ken Frier as CIO
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TPG-Axon Capital Management is merging with London-based Montrica Investment Management
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Man Group has appointed Luke Ellis to head its fund of funds business
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July
A group of money managers at TCW Group are splitting off their $11.5 billion operation form the Los Angeles-based firm
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JP Morgan Treasury Services has reorganised its Global Trade practice
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KingFisher Asset Management has launched a global macro offering hedge fund
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Nuveen Investments will acquire US Bancorp's asset management unit, FAF Advisors
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State Street today announced the results of the State Street Private Equity Index as of March 31, 2010
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Blaylock Robert Van (BRV) has launched a new US equities trading platform using Fidessa
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Pacific Equity Partners (PEP) will buy CIBC Mellon Trust’s Issuer Services business
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Exchange traded fund (ETF) industry assets in the United States decreased 0.4% during the first half of 2010
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The Oregon state pension system has invested $200 million in Blackstone Group’s sixth buyout fund
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BNY Mellon Clearing has selected MF Global Holdings to provide clearing services and infrastructure support for its new futures commission merchant offering
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Bank of America is launching an electronic trading strategy that can automatically create shares of ETFs by buying and selling stocks and hedging with futures
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Goldman Sachs has launched a new clearing service for all listed and over-the-counter derivatives
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AllianceBernstein has appointed a new CIO of equities
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Oklahoma Teachers’ Retirement System has picked four finalists for a $425 million real estate mandate
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Two former chiefs of Bank of New York Mellon’s fund of hedge funds boutique, Mellon Global Alternative Investments, are setting up a new company
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HSBC Holdings and Total have teamed up to offer energy derivatives to the bank’s clients
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HSBC Holdings and Total have teamed up to offer energy derivatives to the bank’s clients
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IMN has re-iterated its commitment to its series of Beneficial Owner Summits in the wake of its 2nd Annual East Coast event held in Boston last month.
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Oklahoma Teachers’ Retirement System has added a 5% allocation to core-plus real estate
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Bank of America is looking to sell $1.2 billion worth of investments made in funds managed by Warburg Pincus
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Pimco has appointed the former head of global emerging market equities at Goldman Sachs Asset Management
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The Texas Employees Retirement System (TERS) is looking for a global master custodian and a securities lending and cash collateral manager
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Black River Asset Management has opened its long/short equity commodities fund to outside investors
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Primus Guaranty has appointed Berkshire Capital Securities to help sell its credit investment management business
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Scotia Capital has appointed a co-head of its global prime brokerage business
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Draper Fisher Jurvetson (DFJ) has raised $350 million for its tenth fund, less than its $400 million revised target
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New York University has named a CIO of its $2.5 billion endowment
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UBS Global Asset Management has launched an alternative strategy fund
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University of Florida Investment Corporation (UFICO) has hired a new CIO
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BNY Mellon has nameda new global business head for its Derivatives360(SM) offering
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Bank of America Merrill Lynch is selling its global alternative fund administration business to LaCrosse Global Fund Services
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The Chicago Public School Teachers Pension and Retirement Fund has appointed a director of investments
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Active Earth Investment Management has appointed RBC Dexia Investor Services
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Industry experts discuss the evolution of transparency, the impact, the benefits and responsibilities that transparency brings to all parties affected by securities lending activity
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Federated Investors will acquire $17 billion in money market assets from SunTrust Bank’s money management unit
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Jefferies announced today the hiring of a head of international equity research in London and a co-director of US equity research in New York
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Wachovia Global Securities Lending has appointed a senior vice president based in London
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BlackRock has made certain changes in its senior management team after the purchase of Barclays Global Investors
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The Commodity Futures Trading Commission is formulating new rules as part of the financial reform bill that gives it authority to police most over-the-counter swaps
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Former executives from Citadel and CQS are setting up a hedge fund firm in New York and London
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J.P. Morgan's Worldwide Securities Services has been mandated to provide third party securities lending services on behalf of Mediolanum
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Canada’s Public Sector Pension Investment Board is selling a private equity commitments portfolio estimated to be worth about $1.5-2 billion
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Deutsche Bank’s managing director for proprietary derivatives trading has stepped down
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Northern Trust has introduced daily independent valuations for complex over-the-counter (OTC) property derivatives
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NYSE Arca is introducing a new price collar to protect the execution of market orders on July 15
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Blackstone's GSO Capital Partners has raised $3.25 billion for a fund to help finance mid-market businesses facing distress
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Five Chicago trading firms have teamed up with CME Group to start a new derivatives exchange targeting the over-the-counter (OTC) market for interest-rate swaps
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Deutsche Bank hires head of global markets for North America
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Karl von Buren, Global head of Equity Finance and Delta One at HSBC has been in the industry for almost 25 years. He sat down with Global Investor/isf to share his thoughts on regulation, doubling his business and HSBC’s new prime service offering
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HedgeServ has increased its ability to provide real-time valuation of illiquid and complex over-the-counter (OTC) derivatives using market data from SuperDerivatives
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HSBC Securities Services has appointed a regional head of business development – Americas, a new role in its Fund Services and Global Custody business
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Prime broker, Merlin Securities, is looking to expand its presence in Canada
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Morgan Stanley Investment Management has appointed a CIO of global fixed-income
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Morgan Stanley Investment Management’s two senior executives have quit from their respective roles
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NYSE Liffe US has obtained exclusive rights to trade futures on 41 equity indices operated by MSCI
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Trian Fund Management is looking to raise $1.5 billion private equity fund that will target buying minority stakes in public companies
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Blackstone will manage a portfolio of Bank of America Merrill Lynch’s Asian real estate investments
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BlackRock has appointed a global head of its iShares exchange-traded fund unit
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NYSE Amex will start trading NASDAQ-listed issues from July 13 on an Unlisted Trading Privilege (UTP) basis
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Comada has teamed up with alternative investment funds service provider, Prime Fund Solutions (PFS)
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New York-based C12 Capital Management will roll out its maiden hedge fund this autumn
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The National Futures Association is looking to expand its oversight to cover mutual funds sold to retail investors
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Credit Suisse is planning to spin off two of its credit hedge funds
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BNY Mellon Asset Servicing has appointed Nadine Chakar as head of a new business group
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BNY Mellon has bought PNC’s Global Investment Servicing business, a provider of custody, fund accounting and other services to asset managers and financial advisors
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CIBC Mellon has appointed co-heads for its global securities lending division
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Citi’s Global Transaction Services has appointed a managing director and global product manager of third-party securities lending and business development
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Premier Global Securities Lending today branded a lawsuit brought by State Street against its co-founder and two employees as “meritless”
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Anchorage Advisors has appointed State Street to provide a range of hedge fund administration services
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June
Seclending industry needs a strong voice, the East Coast Beneficial Owners' conference is told
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Chi-Tech is making its pan-Europe trading venue connectivity network and managed infrastructure service available in North America
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Global Investor/isf can reveal the name of Peter Economou's replacement as head of securities finance at State Street
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State Street has filed a complaint with the Suffolk Superior court, Massachusetts, against former employees Craig Starble, Peter Economou and Paul Lynch, Global Investor/isf can reveal.
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Illinois State Universities Retirement System, Champaign, has appointed State Street Global Advisors
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Vanguard Group is planning to roll out an ETF based on the S&P 500 stock-market index
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Citi has appointed a Network Management head for the Americas and Global Market Information head for the Securities and Fund Services
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Los Angeles City Employees’ Retirement System has reappointed Neuberger Berman to manage $990 million in active fixed income
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The Canadian securities lending market has attracted attention over the past two years for all the right reasons
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Societe Generale has appointed a head of trading for exchange-traded funds in New York
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BNY Mellon has set up a new company to clear futures and derivatives trades on behalf of institutional clients
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Global Investor/isf is first to bring you news of a new venture from former head of securities lending at State Street, Craig Starble
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An international equity boutique owned by Legg Mason is merging with ClearBridge Advisors
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The demise of Bear Stearns and Lehman Brothers has led to a boom in the collateral management technology industry, according to a report released by Finadium
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An ex-Citigroup energy trader has raised $1.08 billion for an offshore commodities hedge fund
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State of Michigan 401(k) and 457 Plans has appointed ING Investment Management
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Ohio Public Employees Retirement System is looking for international core equity and emerging market equity managers
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State Street Global Advisors has strengthened its multi-asset-class solutions group
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EFX Prime Services has appointed two prime brokerage executives to assist with its sales efforts
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The national securities exchanges and the Financial Industry Regulatory Authority (FINRA) have proposed rules to clarify the process for breaking erroneous trades
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The prime brokerage unit of UBS has appointed Rob Sachs as US head of capital introduction
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Deutsche Bank has appointed two directors to group technology and operations for global prime finance
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Pegasus Fund has appointed Citigroup Global Markets as its prime broker
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The Securities and Exchange Commission is planning stricter disclosure rules for target-date mutual funds
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Peter Economou, head of Securities Finance at State Street, has quit the firm
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Global Investor/isf can, for the first time, reveal the full list of departees from Boston-based bank State Street.
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Global Investor/isf can today reveal two more of the senior securities lending team to walk out on State Street.
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Royal Bank of Canada (RBC) has purchased the third party registered investment advisor (RIA) business within J.P. Morgan Securities
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State Street has made enhancements to its derivatives servicing capabilities
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A number of State Street's senior securities finance team have left the bank
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IAM appointment boosts client development strategy in New York office
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Putnam Investments is looking to roll out a suite of three US multi-cap equity funds
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The Securities and Exchange Commission, Quebec Autorité des marchés financiers (AMF) and the Ontario Securities Commission have signed a regulatory cooperation agreement
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Senate Agriculture Committee chairman, Blanche Lincoln, has agreed to amend a proposal to limit derivatives trading following concerns raised by regulators
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Florida Prepaid College Board has appointed Neuberger Berman to handle $1.73 billion in a liability-driven investment strategy for the plan
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Chicago-based Getco has added an SEC trader to its legal team
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One of Yale Univerity's directors has quit to become CIO elsewhere
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BNY Mellon Alternative Investment Services has launched enhanced accounting and reporting functionality for side pocket accounts and special purpose vehicles
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Pacific Life Insurance has appointed PIMCO to oversee a $250 million investment portfolio
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The Securities and Exchange Commission has approved the stock market “circuit breaker
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BNY Mellon has launched a real-time auction marketplace, where buyers and sellers of fixed income securities can anonymously transact with one another
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GCI Asset Management and Orix Management are to launch a hedge fund
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Citigroup is launching a 'next generation' securities finance reporting platform
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The $109.5 billion Florida Retirement System is changing its asset allocations after securing trustees approval
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Harvard University's endowment manager has stepped down
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US mutual fund investments are likely to ease off this year, says a study by consultant Financial Research Corp.
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J.P. Morgan Worldwide Securities Services has been selected by the State of New Mexico to provide custody and securities services
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The State Loan and Investment Board is restructuring Wyoming’s $1.14 billion international equity portfolio
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J.P. Morgan Treasury & Security Services has won a $40 billion master custody mandate
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Macquarie Securities has named a new head of Delta One & Synthetic Prime Brokerage Sales
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Florida State Board of Administration (FSBA) can boost its maximum international equity allocation for the Florida Retirement System
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J.P. Morgan Asset Management is planning to raise up to $288.7 million for an investment trust
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Milwaukee City Employees’ Retirement System is looking for a global fixed-income manager
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Goldman Sachs Asset Management quits its role as fiduciary to Central States, Southeast & Southwest Areas Pension Fund
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Orangefield Trust has picked Advent Software’s Geneva portfolio management system
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Rothschild has appointed Jim Lawrence as chief executive of its North America business
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Vanguard is launching its 12th target-date fund
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eSecLending has announced a new senior vice-president of securities financing and asset liability management
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The Nasdaq stock market will set up its own system for stopping trading when markets crash
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New Mexico State Investment Council has terminated three active equity managers
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State Street Global Advisors has named Alistair Lowe as global equities CIO
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May
CalPERS wants to introduce a more nimble asset allocation policy
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Morgan Stanley's Real Estate Fund VII has raised less than half its original target of $10 billion
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Canada is planning to set up a national securities regulator to boost competitiveness of the nation’s capital markets
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Securities lending industry has an increased appetite for risk in the face of challenging market conditions
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Citi’s Global Transaction Services is launching a complete range of services designed specifically to help fund clients comply with new money market rules put forth by the SEC.
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Investors demand greater transparency and liquidity, while focusing on absolute returns and uncorrelated strategies
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NYSE Technologies, a unit of NYSE Euronext, has added Knight Capital as a destination on the Secure Financial Transaction Infrastructure (SFTI) network
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Pardo Financial Group is rolling out a managed futures fund that allocates across multiple registered Commodity Trading Advisors
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Standard & Poor’s today announced the launch of the S&P International Corporate Bond Index
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The Commodity Futures Trading Commission will set up a technology advisory committee to review high-frequency trading
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GE Capital Real Estate and Angelo Gordon have raised about $1.25 billion for their Legacy Securities Public-Private Investment Fund
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RBC Dexia has been appointed by the Portland Investment Counsel for custody and fund administration services
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Alpha PB has appointed J.P. Morgan Clearing as custodian and clearing agent, effective June 1
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Citi is poised to announce the creation of a new Collateral Management Services unit within its Securities and Fund Services business, Global Investor/isf can reveal.
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J.P. Morgan today announced Auto Substitution, new functionality that will enhance the operating model of the US Tri-Party Repo market
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The Securities and Exchange Commission has proposed a stock-by-stock circuit-breaker rule
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Morgan Stanley Alternative Investment Partners has received $585 million in commitments for a fund
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Rice University is looking for a new CIO after they left to take up a position elsewhere.
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US task force of banks and investors is proposing reforms to the $1.7 trillion tri-party repurchase market
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Northern Trust is seeking to launch a broad range of index-based ETFs
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Blackstone Group is looking to raise its sixth fund by the end of next month
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BondLend is set to announce on Monday, the roll-out of its Securities Finance platform targetted specifically to the fixed income lending and repo community
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The Financial Industry Regulatory Authority has fined two banks a combined $925,000 for violating short-sale rules
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ING Funds selects stress test suites to model the impact of interest-rate, credit and other risk shocks
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The New York State Common Retirement Fund is planning a $500 million hedge fund investment programme
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Sun Life Financial is setting up its own mutual fund firm
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T Rowe Price has been awarded a mandate by the Kansas Public Employees Retirement System
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The CIO of Cornell University’s endowment, is stepping down
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Customer electronic foreign exchange trading volumes increased 7% from 2008 to 2009
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SSgA has appointed Lynn Blake to succeed Paul Brakke as global head of Index Equity
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Dorsal Capital Management has appointed Citi Investor Services as administrative services provider for its hedge fund
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Franklin Templeton Investments has unveiled three funds focused on gold, corporate bonds and real returns
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Instinet Canada has appointed two executive directors
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J.P. Morgan has secured a custody mandate for assets of $11 billion.
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The Teachers’ Retirement System of Louisiana is planning to recruit a smid-cap core domestic equity manager
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Prudent Asset Management is planning a $150 million buyout shipping fund
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BNY Mellon has appointed two co-heads of its asset management business on an interim basis.
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DataExplorers is hosting the month's main event in the securities finance industry in New York
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EquityStar Capital Management is looking to roll out its new hedge fund on June 1, 2010
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The US Securities and Exchange Commission and major trading exchanges have agreed to set up a market-wide “circuit-breaker” system to handle market volatility
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Multi-asset investment strategies are being touted as one of the best ways to keep your investments safe. Global Investor/isf takes a look.
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New research shows that large US companies support the imposition of tighter capital reserve requirements on banks, even if the new rules increase their own funding costs.
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Global Infrastructure Partners (GIP) is planning a $5-6 billion infrastructure fund.
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The Hennessee Hedge Fund Index advanced a modest +1.50% in April, according to Hennessee Group
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Auldyn Partners has rolled out a global macro hedge fund.
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Two ex-Alpha Titans Funds co-portfolio managers, have set up a multi-strategy fund.
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ING Americas has a new head of Financial Markets in the US.
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Hedge Fund indices rise in April according to a new report.
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The New York State Common Retirement Fund has committed another $500 million to its investment in New York mortgages currently offered by Fannie Mae.
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The US Securities and Exchange Commission and the Commodity Futures Trading Commission are assessing “unusual trading,” which led to a drop in equity markets yesterday.
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BNY Mellon Asset Servicing has enhanced its Workbench reporting platform
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Dalton Investment Management has rolled out a fund investing in mortgage-backed securities
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Global Investor/isf is partnering with Data Explorers as a media sponsor of the upcoming Securities Financing Forum in New York
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Michigan State University is looking to unwind existing interest-rate swaps linked to its debt
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Goldman Sachs will settle charges that it violated a rule linked to short-selling of stocks
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Madison Dearborn Partners has raised $4.1 billion for its latest fund
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William Blair and Grantham Mayo van Otterloo have been awarded mandates worth $500 million by the New York Teachers' fund
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BlackRock has appointed a chairman of the board of trustees of iShares Trust and the board of directors at iShares.
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HSBC Securities Services has announced the appointment of two business co-heads who will run the business.
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Northern Trust has been awarded a depository custody services mandate.
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State Street has won a contract to provide investment manager operations outsourcing services for $53 billion in assets.
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BNY Mellon wins $600m Arizona mandate.
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State Street Global Advisors (SSgA) has won a transition management deal to oversee $4.3billion.
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April
Ohio Police and Fire Pension Fund, Columbus, has axed the contract of Chicago Equity Partners due to performance reasons.
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Citigroup’s Global Transaction Services business has been appointed by Coca-Cola Hellenic Bottling Company as the successor depositary bank for its NYSE-listed American Depositary Receipt (ADR) program.
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Global Investor/isf looks at the rise in popularity of liability driven investment (LDI) in the US.
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The retirement systems of New York City are looking for investment managers to create a pool of index managers available on an as-needed basis
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Direct Edge has postponed the launch of its two formal exchanges, EDGA and EDGX, until July.
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HSBC Securities Services (HSS) has added a number of managerial appointments to its New York team.
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J.P. Morgan Worldwide Securities has signed an agreement to acquire the private equity administration services business of Schroders, subject to regulatory approval.
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Baylor University has appointed a new chief investment officer, effective June 1.
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BNP Paribas Corporate and Investment Banking has appointed directors to its prime brokerage business.
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CME Group is opposing a Commodity Futures Trading Commission plan to limit speculative energy trading by hedge funds, investment firms, banks and oil companies.
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Prudential Investments has launched its Prudential Jennison Market Neutral Fund.
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Goldman Sachs chief executive Lloyd Blankfein told a US Senate subcommittee that learning of SEC charges against his company was "one of the worst days in his professional life" but he denied any wrongdoing.
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The Avon Pension Fund is seeking a global equity manager, who will help meet the United Nations Principles of Responsible Investment.
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BMO Guardian Funds has introduced six new mutual fund portfolios of ETFs.
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A Swip equities manager has joined Investec Asset Management as a portfolio manager.
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The UK's Universities Superannuation Scheme has acquired a $135 million stake in Neuberger Berman Secondary Opportunities Fund II
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Global Hedge Fund Group (GHF Group) has rolled out two credit-focused hedge funds.
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Greater governance of alternative investments could result in an increased allocation to the sector
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Sara Lee has appointed Legal & General Investment Management America (LGIM) for liability-driven investing.
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Charles Schwab has appointed Sterling Trust as a custodian for alternative investments
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Goldman Sachs executives will appear in front of a congressional committee tomorrow morning to answer questions on allegations of fraud.
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Redwood Asset Management has selected CIBC Mellon Global Securities Services to provide asset servicing support.
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The Louisiana Municipal Employees’ Retirement System (LAMPERS) has shortlisted six managers for a new large-cap equity mandate.
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The University of California’s retirement and endowment funds portfolio have revised their asset allocations.
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Senator Charles Grassley has approved a derivatives bill by the Senate Agriculture Committee.
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Cantor Futures Exchange has received approval from the Commodity Futures Trading Commission to operate as a contract market.
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EnCap Investments and Flatrock Energy Advisors have closed a private equity fund targeting growth investments in the midstream sector of the oil and gas industry in North America .
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Credit Agricole has secured the services of two senior securities lending traders, Global Investor/isf has learned.
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Citigroup has rolled out a global operating platform especially for hedge funds.
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Citigroup’s Global Transaction Services and Foreign Exchange & Local Markets Group are launching the AutoFX Passive Hedge service
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The Ohio Public Employees Retirement System is looking to appoint one to five new fund of hedge fund managers.
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Putnam Investments has rolled out a global equity fund of funds, which will offer exposure to all sectors in the MSCI World Index.
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SunGard has unveiled Valdi, a new trading solution for small brokers-dealers.
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The Commodity Futures Trading Commission has approved the launch of Trend Exchange to trade futures related to box-office receipts
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Institutional investors increasingly believe that emerging markets are attractive for private equity investment
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The University of Texas Investment Management Company board has named Paul Foster as Chairman
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The Virginia Retirement System has allocated over $770 million in different asset classes
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BNY Mellon Asset Servicing has launched a new securities lending dashboard style reporting functionality
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International offshore drilling company, Seadrill, has appointed BNY Mellon as transfer agent.
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Fidelity Investments may appoint two executives to take over the role vacated by president, Rodger Lawson
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Goldman Sachs today labeled charges of fraud brought against it by the SEC as “totally unfounded in law and fact” and vowed to defend itself.
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Goldman Sachs saw its shares drop significantly upon the news that it has been charged with fraud by the SEC.
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A leading securities litigator says that the SEC’s decision to charge Goldman Sachs and one of its vice-president with fraud could have a far reaching impact on the whole of Wall Street.
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Ohio School Employees Retirement System, Columbus, is looking to raise its direct hedge fund investment program to 9% of assets from 6%.
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Goldman Sachs has been charged by the SEC with fraud.
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Scotia Capital has announced the hiring of John Stracquadanio as co-head of the global prime brokerage business
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Citigroup is selling its alternative investments business to SkyBridge
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The Securities and Exchange Commission has voted on a proposal to identify large trades carried out at lightning speed
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The Texas Permanent School Fund will replace one of its five funds of hedge funds managers, Goldman Sachs
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Mark Fieldhouse, responsible for North America technical sales at RBC Dexia Services, is stepping down to take on a role with another firm.
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LaSalle Investment Management today announced internal promotions across its global business to the title of International director.
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Vontobel Asset Management has hired Northern Trust to offer global custody, fund administration, investor-level tax services and management company services for its new fund.
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NYSE Euronext has hired a CEO for its planned joint venture with the Depository Trust & Clearing Corporation.
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Religare Technova has formed a global strategic partnership with Marco Polo Capital Markets
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Brown Brothers Harriman announced today that it has been appointed as a custodian, administrator and transfer agent.
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BNY Mellon today named a new CEO of broker dealer services.
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The Conifer Group has announced a corporate reorganisation that results in a separation of the broker/dealer and fund administration businesses.
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Goldman Sachs is seeking endowment heads to join its asset management business.
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The Los Angeles Fire and Police Pension System’s board is planning to assess its hedge fund and private equity programmes.
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The Teachers’ Retirement System of Louisiana has shortlisted three firms for its $400 million large-cap value international equity mandate.
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The Municipal Fire and Police Retirement System of Iowa has terminated fixed-income firms, Aberdeen Asset Management and AllianceBernstein.
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Citigroup announced that Federated Investors has expanded its contract for use of OpenSMA and CitiConnect, Citi’s platforms serving SMA investment managers.
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Franklin Templeton has appointed Adam Gorlyn as vice president of its Sovereign Funds and Supranationals division.
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Legal & General Investment Management America has announced the appointment to the newly created position of head of US Pension Solutions.
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MIT Investment Management’s co-head of private equity investing has quit.
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BNY Mellon Global Markets has appointed Roderic Prat as its global head of derivatives.
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The Federal Reserve Bank of New York is planning to allow money-market funds to participate in the reverse repurchase market without violating liquidity rules.
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Kansas Public Employees Retirement System has awarded a $200 million domestic high-yield fixed income mandate to Loomis Sayles.
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Carlyle Group’s Carlyle Global Financial Services Partners fund has raised $1.1 billion.
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US regulators are planning a rule to track transactions by high-frequency trading firms to improve oversight of their activity.
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Find out who claimed the biggest mandate wins.
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NYSE Arca and NYSE Amex have made changes to their pricing for each market centre.
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Santa Barbara County Employees’ Retirement System is seeking managers for a real estate separate account, active large-cap growth equities and intermediate US government fixed income.
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Seattle City Employees Retirement System (SCERS) is looking to start three manager searches.
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Citigroup has started Citi Algorithmic Trading, a platform for its institutional equity trading clients.
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A Goldman Sachs buyout firm has acquired a minority stake in hedge fund.
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J.P. Morgan Worldwide Securities Services has rolled out a centralised over-the-counter (OTC) derivatives platform supporting its Global Derivatives Services business.
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Mark Payson, Global head of Trading and Asset Liability Management at BBH explains how the firm’s prudent approach during the financial crisis helped it avoid negative headlines and seize on new opportunities.
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Commodities are one of the least understood investment opportunities but are growing in popularity. Global Investor/isf examines the reasons behind the surge in popularity.
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Spread betting firm, IG Group, has received regulatory approval to start operations in the US.
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Illinois State Board of Investment is looking to invest $300 million in real estate this year.
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The endowment of Stanford University is seeking a CIO.
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BNY Mellon Asset Management is shutting one of its three hedge fund-of-fund units.
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The US commodities regulator has approved a final rule to protect customers of over-the-counter (OTC) derivatives positions and collateral if their futures broker goes bankrupt.
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Two ex-Goldman Sachs executives have launched a hedge fund firm.
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March
CME Group is working with Fannie Mae and Freddie Mac on a clearing facility for the $414 trillion global market for interest-rate swaps.
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Short selling of global equities has fallen 38% over the past year
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State Street Global Markets, the investment research and trading arm of State Street Corporation today released the results of the State Street Investor Confidence Index for March 2010.
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J.P. Morgan has been mandated to expand mutual fund services provided to Nationwide Funds Group, the asset management business of Nationwide Financial Services.
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Jefferies Group is planning to launch two commodity ETFs and a mutual fund.
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Markit will provide liquidity metrics for all CDS, evaluated bonds, loans and ABS included in its pricing services
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Citi has announced the appointment of a head of its Global Transaction Services business in Canada.
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The Securities and Exchange Commission (SEC) has asked over 20 financial and insurance companies to disclose details regarding repurchase agreements.
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Standard Life Investments today appointed a new director of its Global Client Group.
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Citigroup has made 13 new appointments in its Global Prime Finance Group in London and New York.
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Milwaukee City Employees’ Retirement System is looking to invest in global equity and alternatives.
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MF Global Holdings has appointed Jon Corzine as chairman and chief executive
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Global regulators, working under the guidance of the Bank of International Settlements, have proposed measures for securities financing and derivatives trading.
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Global regulators, working under the guidance of the Bank of International Settlements, have proposed measures for securities financing and derivatives trading.
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Tennenbaum Capital Partners is looking to raise about $1 billion for a distressed debt fund.
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AllianceBernstein Holding has appointed a new chief financial officer.
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Managers of global bond funds are placing increased emphasis on capital preservation
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The FX market is growing at record levels according to figures released by CME Group, the largest regulated foreign exchange market in the world.
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Illinois State Board of Investment, Chicago, has added four managers to its transition management pool.
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Lexington Partners has raised $3.1 billion for an interim close of its seventh fund.
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New Jersey State Investment Council will allocate $100 million each to two new hedge funds.
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Northern Trust has launched a new investment fund platform.
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San Diego County Employees Retirement Association (SDCERA) board is looking to outsource the duties of in-house investment management staff.
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BNY Mellon has appointed a new CIO.
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Direct Access Partners, the institutional agency only brokerage firm providing multi-asset trade execution and support services, has acquired the capital raising tem of Channel Capital Group.
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The Futures Industry Association (FIA) has opposed the Commodity Futures Trading Commission’s (CFTC) plan to reform trading in commodity markets.
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Senator Ted Kaufman has delivered a strongly worded speech criticising some of the conduct which he says led to the financial crisis.
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Texas Teacher Retirement System made its first allocation to agriculture.
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Yale University endowment fund is cutting its target allocations in hedge funds in favour of private equity and real estate
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RBC Dexia Investor Services has expanded its Network Management presence and made a number of appointments
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The California Public Employees’ Retirement System has called on the top 58 US companies in its investment portfolio to adopt majority voting
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Lender Processing Services has rolled out its professional short-sale service.
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State Street Global Markets today hired a new staff member for its global macro team.
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Sterling Group has raised $820 million for its third fund.
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The $67 billion pension fund of New Jersey may raise its hedge fund investments to protect against losses in the stock market
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The California Public Employees’ Retirement System is looking to commit $1.3bn in infrastructure investments.
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Citigroup has announced the appointment of a new Global ETF Product Head in its Securities and Fund Services business.
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Eurex has received regulatory approval in Québec to provide its complete range of products in the Canadian province.
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The fragmentation of exchange trading and data which has followed from MiFID has substantially increased the potential for market abuses to take place, according to a new exchanges advisory group.
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Threadneedle Investments is planning to launch a Ucits III long/short US equity fund
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Vanguard is adding to its family of 30 actively managed stock funds.
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AXA Real Estate Investment Managers has appointed a new global head of its Property Services Group.
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Direct Edge has received approval from the Securities and Exchange Commission to convert its two stock trading platforms to exchanges.
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Florida Retirement System is planning to commit $2-5 billion to hedge funds for a portable alpha strategy within its traditional public equity and fixed-income portfolios.
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Pierre-Henri Flamand, head of Goldman Sachs’ biggest internal hedge fund, is launching his own hedge fund firm.
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Illinois State Universities Retirement System (SURS) is seeking managers for its $2.75 billion fixed income portfolio.
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Newedge USA has joined NASDAQ OMX Group’s majority-owned clearinghouse for interest rate swaps.
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RBC Dexia Investor Services today announced that it has been selected by RBC Global Asset Management to provide custody and trustee services to Canadian investment management company Phillips, Hager & North.
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NASDAQ OMX has purchased Chicago-based North American Energy Credit and Clearing.
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Northern Trust announced today that David McPhillips has been named director of Consultant Relations for the Corporate & Institutional Services business unit in North America.
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SunGard has rolled out two new Stream Gateways for the Singapore Exchange and the London Stock Exchange
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Three firms are willing to partner with the New York Federal Reserve as it plans to use reverse repurchase agreements (repo) to control liquidity in financial markets.
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Trustees of Chicago Policemen’s Annuity & Benefit Fund have approved the appointment of four transition managers
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NYSE Euronext is launching a new clearinghouse in July
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Hennessee Group, an adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +0.96% in February.
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SEI has been selected by AlphaOne Capital Partners to provide a complete outsourcing solution, including middle and back-office services, for the firm’s portfolio of investment products.
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The Volcker Rule being proposed by the US government includes a provision that may separate investment management from custody, securities or prime brokerage services
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Battery Ventures has raised about $709 million for its ninth investment fund
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Shawn McNinch has been appointed as global ETF product and sales head by Brown Brothers Harriman
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Evercore Partners has agreed to buy 49% of money-management firm Atalanta Sosnoff Capital for as much as $83.3 million
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Florida State Board of Administration is conducting an asset/liability study, which may raise its international equity and alternatives allocations
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Most mutual fund investors did not abandon stocks during the market decline of 2008-09, according to Vanguard
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The Oklahoma Firefighters Pension and Retirement System is seeking a firm to offer master trustee, master custodian and securities lending services
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Aladdin Credit Partners has raised $573 million for its initial credit opportunities funds
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BATS Global has unveiled an equity options platform to expand its business
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The AIMA has issued a statetemnt on short selling.
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BlackRock has sealed a £200million Ariona mandate.
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Hedge Funds suffered a slump in January according to a report released by Morningstar.
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The New York State Common Retirement Fund has terminated three equity managers, accounting for a total of $864 million
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The Illinois Teachers' Retirement System has ended its contract with BlackRock.
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State Street Global Advisors and BlackRock Institutional Trust have won two Ohio Bureau of Workers’ Compensation mandates
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Citigroup has appointed Sanjiv Sawhney as global head of fund services for Citi’s Securities and Fund Services business
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Hennessee Group estimates that hedge fund industry assets increased by $751 billion in 2009 to $1.96 trillion
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February
Alaska Permanent Fund, Juneau, is planning to terminate 12 of its 17 external small-cap equity managers.
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Sprint Nextel 401(k) Plan has selected Northern Trust’s Northern Trust Focus Funds as an investment option
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Sprint Nextel 401(k) Plan has selected Northern Trust’s Northern Trust Focus Funds as an investment option
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Brown Brothers Harriman (BBH) has announced the appointment of two new partners.
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The California Public Employees’ Retirement System (CalPERS) is looking to reduce the buyout firms it invests in.
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Citigroup is in negotiations to sell its $4 billion hedge fund business.
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The mutual fund industry gathered $4.2 trillion in net cash flows worldwide in the second half of the decade
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Knight Clearing Services has deployed Fidelity ActionsXchange’s platform for corporate actions
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Neuberger Berman has announced that William Arnold has been named chief financial officer, effective in early March.
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BNY Mellon Asset Management has appointed a managing director for broker-dealer relations.
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The Ohio School Employees’ Retirement System (SERS) has committed about $120 million to four new hedge funds.
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BlackRock is planning to launch a credit hedge fund in Asia
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New Mexico Public Employees Retirement Association, Santa Fe, is to seek three active equity managers
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Religare has bought a majority stake in private equity firm Northgate.
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The Scotia Capital Canadian Hedge Fund Performance Index outperformed global equities and broader hedge
fund indices both on an asset and equal weighted basis in January.
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CME Group has reshuffled its management team and boosted the team to run its developing index business.
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Hedge fund managers are taking action in a bid to reduce their risk exposure, a study of the industry has found.
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The Securities and Exchange Commission (SEC) will consider new short-sale restrictions on February.
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Hennessee Group recently conducted a study examining the correlation between the breadth of equity market moves and the performance of long/short equity hedge funds relative to traditional indices.
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The California teachers' fund will invest $100 million in a Bank of America Merrill Lynch private equity fund
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FBR Capital Markets has chosen an Advent Software solution to boost its prime brokerage platform
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A Milwaukee retirement fund has awarded $180 million long/short equity hedge funds of funds mandates
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A US judge has dismissed a countersuit filed against BP North America’s savings and retirement plans
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ETF provider, iShares, has hired State Street as its custodian and administrator
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BNY Trust will buy the corporate trust assets of CIBC Mellon
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Fortress Investment Group has bought bond investor Logan Circle Partners
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Harvard University endowment is planning to sell a portion of its $5 billion real estate portfolio
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New York-based Karsch Capital Management will launch a distressed hedge fund in the next quarter
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The Massachusetts Pension Reserves Investment Management board is to invest $1 billion in real estate
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The Risk Management Association has named a new director of securities lending and market risk, effective today.
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New Mexico Public Employees’ Retirement Association will seek active mid-cap value and growth managers
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Standard & Poor’s Fund Services has assigned ratings to two Global GCC Funds.
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A US Senate Committee on Banking, Housing & Urban Affairs has heard that the Federal Reserve (Fed) should be given more powers to regulate banks.
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Knight Clearing Services, a subsidiary of Knight Capital Group, has implemented SunGard’s Loanet securities finance solution.
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Chi-X Canada and Atrium Network set date for Canada’s first low latency managed network solution
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The CDS market appears to be emerging from the darkness with the help of CDS clearing houses
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Illinois State Universities Retirement System is seeking managers to run its entire fixed-income portfolio
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The Securities and Exchange Commission will look at ways to restrict short selling and improve market surveillance
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The California teachers' fund is considering investments in commodities to boost returns and to provide a hedge against inflation and a slump in equities
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A Federal Reserve-backed private sector task force for the repurchase market will draft more reform proposals
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State Street Corporation has agreed to pay compensation to investors which will total $663million.
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The Arkansas Teacher Retirement System is planning to allocate over $400 million in real estate and private equity
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The Fort Worth Employees’ Retirement Fund is seeking domestic equity managers to run growth portfolios
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Quadriserv today announced key additions to the roster of financial institutions serving as approved members of the AQS marketplace.
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State Street Global Advisors has appointed a new global head of its cash business.
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Alinda Capital Partners has raised $4 billion for its second infrastructure fund
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Arizona Public Safety Personnel Retirement System has hired Bridgewater Capital
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BNY Mellon today announced it has reached an agreement to acquire a leading provider of custody, fund accounting, transfer agency and outsourcing solutions for asset managers and financial advisors.
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Northern Trust has been sued by the Chicago Public School Teachers’ Pension and Retirement Fund
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The US government is planning not to include the repurchase market in a proposed levy on banks’ administration
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Eurex Repo and Clearstream announced today that they launched a new currency segment.
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We speak to Tim Douglas, managing director, global head of securities finance, global transaction services, Citi
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Fund managers are under pressure to deliver results and are looking at outsourcing to optimise performance
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Vanguard has filed an application to launch an absolute return fund
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WisdomTree Investments is planning to close 10 of its exchange traded funds
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January
BNY Mellon is in final-stage talks to buy the custody unit of PNC Financial Services
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iShares has rolled out six new exchange-traded funds in Canada
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Hermes North American has made two key sales hires
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The US Securities and Exchange Commission is finalising rules to lower the risk and volatility taken by money market mutual funds
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A Pennsylvania scheme will allocate $1 billion in new investment strategies
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RBC Dexia has signed a contract to provide fund administration services in a variety of regions.
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Illinois has issued a number of RFPs for custody and securities lending mandates
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The San Diego City Employees’ Retirement System will retain Metropolitan West as a bond manager
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US stock exchanges have asked SEC to let traders quote prices in increments as small as one-tenth of a cent
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The CalSTRS may be making changes to its global equities strategy
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CIBC Mellon Global Securities Services Company has won a contract to deliver global custody and accounting services.
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Transparency and liquidity risk are the top concerns for institutional investors investing in hedge funds
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Mellon Capital steps in as Ohio Bureau changes investment strategy
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Rodger Lawson, president of Fidelity Investments, will retire at the end of this quarter
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Morningstar, a provider of independent investment research, today reported preliminary hedge fund performance for the fourth quarter and year-end 2009.
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A Californian pension scheme has hired Waddell & Reed Asset Management to run a large-cap growth equity mandate
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Citi has won a mandate to provide a suite of fund of hedge fund administration services.
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The hedge fund industry continued its recovery from the financial crisis of 2008, a leading provider of hedge fund industry data revealed today.
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State Street has won a new mandate providing a wide range of services
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BNY Mellon has been named transfer agent for the world's biggest business software firm
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The Hennessee Hedge Fund Index recorded large gains in the last decade.
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James Harpel and Kenneth Ginsburg have launched a new hedge fund firm, Althea Capital
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Finisterre launches EM fund for NY pension scheme
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Sean Simon, chief executive of Ivy Asset Management, has resigned, amid a restructuring of the fund of funds unit within its parent, the Bank of New York Mellon
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Sri Wijegoonaratna is planning to set up a global macro hedge fund firm
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Proprietary trading firm First New York Securities has formed a new unit aimed at servicing asset management firms.
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Harvard University has appointed Neil Mason as chief risk officer
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Northern Trust has included counterparties for over-the-counter derivatives in its securities exposure reporting
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Bloomberg has launched the first interface in the US credit derivatives market that connects both buy- and sell-side firms to the two central clearing counterparties
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Institutional investors worldwide rank the current funding status of their pension plans, risk management, and continued volatility as the most significant challenges to achieving their future goals.
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Icap Equities has rolled out an algorithmic trading system
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The city of Montreal pension fund has re-hired RBC Dexia Investor Services
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Wells Fargo Funds Management and Evergreen Investment Management are planning mutual fund product offering changes.
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DoubleLine Capital, a Los Angeles investment firm, will float three fixed-income mutual funds
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Leonard Asset Management has appointed Gemini Fund Services to act as full-service hedge fund administrator
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Sanders Capital has been added to the investment advisory team of Vanguard’s largest actively managed equity fund, the $35 billion Vanguard Windsor II Fund.
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Volition Capital has been spun out of the Boston-based investment team of Fidelity Investments’ venture unit, Fidelity Ventures
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Bluenose Capital Management will roll out a Delaware-domiciled onshore version of its offshore Market Neutral Fund.
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Cambridge Massachusetts Retirement Board is seeking active domestic growth equity managers.
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The Commodity Futures Trading Commission will vote on a proposal to curb energy speculation
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The Fresno County Employees’ Retirement Association is modifying its bond portfolio to remove global allocation
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Hennessee Group, a consultant and adviser to direct investors in hedge funds, announced today that the Hennessee Hedge Fund Index advanced +2.27% in December (+24.85% YTD).
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Louisbourg Investments has selected an investor services provider.
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BNY Mellon has been appointed by GLG's fund of hedge fund division to act as custodian and fund administrator for its entire fund of hedge fund business
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CME Group is looking to set up its emissions-trading exchange in the first quarter of 2010
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Janus Capital has appointed Pimco's COO as chief executive, The Wall Street Journal reports. Richard Weil will replace Tim Armour, who has served as interim CEO since July after the resignation of Gary Black
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BNP Paribas Securities Services has awarded a mandate to RBC Dexia Investor Services
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AQR Capital Management is rolling out the AQR Managed Futures Strategy Fund, a portfolio looking to take advantage of trends in commodities, bonds and other markets.
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Hennessee Group, a consultant and adviser to direct investors in hedge funds, has announced it was a good year for the industry.
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The chief executive of the International Derivatives Clearing Group, a clearing unit of Nasdaq OMX, has resigned to “pursue other opportunities”.
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New Enterprise Associates, a venture capital firm, has raised about $2.5 billion for its thirteenth fund
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US and UK regulators have apparently backed away from previous commitments to forcing most OTC derivatives transactions onto centralised exchanges
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Riverside Partners has closed its fourth fund with $406 million, exceeding its target of $250 million.
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The equity market rally that began in March 2009 will continue in 2010, but the market’s rise will be less steep than last year.
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Is the the securities finance industry ready to answer the need for greater transparency by adopting a central counterparty?
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Lazard Asset Management has floated an actively managed mutual fund that targets infrastructure companies
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UK insurer Aviva has bought US stock fund manager, River Road Asset Management
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The Euroclear Board announced today that Tim Howell has accepted the board’s offer to become chief executive officer of the company.
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Lack of transparency is a common criticism of the securities finance industry. But will a central counterparty provide a solution?
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Custodians have always been serious about post-investment risks in local markets, but they need to use their knowledge and influence wisely.
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The State Universities Retirement System of Illinois is seeking a manager to run a Treasury Inflation-Protected Securities mandate
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Onex, a Toronto-based buyout firm, will boost its stake in its latest fund by 60%.
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San Francisco-based RS Investments has rolled out three new fixed income funds
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The North American markets are hotly contested by the biggest players but further south the focus is on the developing markets where local players also get a look in.
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TCW Group has rolled out a new emerging markets mutual fund and will liquidate a senior mortgage securities fund
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US pension plan funded status improves but market volatility remains a concern in avoiding funding erosion in 2010
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AdvisorShares is looking to roll out a new actively managed 'ETF of ETFs'
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Read Global Investor/isf's exclusive beneficial owners survey results. Who is the best lender in the world?
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Read Global Investor/isf's exclusive subcustody survey results. Who is the best subcustodian in the world?
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WisdomTree unveiled a new ETF of ETFs