Tag: SecLending

Pension Funds Sue BlackRock

February 4, 2013 (PLANSPONSOR.com) – Two pension funds are suing BlackRock and several of its iShares exchange-traded funds (ETFs) over excessive fees for securities lending transactions.

Mellon Announces Leadership Appointments

June 23, 2011 (PLANSPONSOR.com) - According to a recent press release, Rob Ferguson has been named head of global securities lending at CIBC Mellon, Robert Chiuch has been named managing director, and Phil Zywot had been named head of trading.  

Senate Panel Probes DC SecLending Practices

March 18, 2011 (PLANSPONSOR.com) – A U.S. Senate committee report has echoed a recent study by government auditors in calling for more participant disclosure about securities lending practices in defined contribution plans and potential asset withdrawal restrictions arising from the practices.

Report Finds New Attitude about SecLending

January 19, 2011 (PLANSPONSOR.com) – Securities lending is now seen primarily as an investment product with the risks and rewards that entails, and plan sponsors have moved on to other questions including revenue allocation and lending from commingled funds, according to a new report.

US Senate Launches Investigation Into Securities Lending

December 14, 2010 (PLANSPONSOR.com) - The US Senate's Special Committee on Aging has launched an investigation into the securities lending practices of pension funds and is considering an official hearing on the matter, according to a new report.