BNY ConvergEx Rolls Out New TM Solution for Small, Mid-Sized Pensions

November 3, 2008 ( - BNY ConvergEx Group, LLC has created a new solution that it says enables small and medium-sized pension funds to leverage the benefits of international asset reallocation opportunities.

Through its global transition management business, ConvergEx has created a new clearing solution that gives small and medium sized pension fund clients investing in commingled funds the ability to use transition management to make changes in investment strategy, according to a press release.  

ConvergEx’s global clearing arrangements allow it to offer global trading and settlement to those clients without their own global clearing and settlement framework in place, according to the firm.