Tag: SecLending

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.


TCW Links With MetWest, Boots Gundlach

December 5, 2009 (PLANSPONSOR.com) – The bond investing world was shaken on Friday, as TCW Group Inc. announced that Jeffrey E. Gundlach had been "relieved of duties" as chief investment officer.

J.P Morgan Updates SecLending Dashboard

October 28, 2009 (PLANSPONSOR.com) - J.P. Morgan Worldwide Securities Services has launched an upgraded securities lending dashboard that allows clients to monitor key aspects of their securities lending activities in a customized view.

PBGC Looking for Securities Lending Partners

December 9, 2008 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has issued a Request for Information (RFI) to assess the viability of expanding its securities lending program to qualified sources in the commercial and public sector market.

State Street, Prudential Win Illinois TRS Business

December 5, 2008 (PLANSPONSOR.com) - The Illinois Teachers' Retirement System (TRS) Board of Trustees selected State Street Corporation to serve as the System's new master trustee/custodian and securities lending provider, subject to contract execution.

Northern Trust Hit with Another Securities Lending Suit

December 4, 2008 (PLANSPONSOR.com) - FedEx Corp. is accusing Northern Trust Company (NTC) and Northern Trust Investments N.A. (NTI) with breaching their fiduciary duties under the Employee Retirement Income Security Act (ERISA) by investing a large percentage of its pension plan assets in funds substantially involved in securities lending.

Northern Trust Hit with Securities Lending Lawsuit

October 28, 2008 (PLANSPONSOR.com) - The fiduciaries of BP Corp. North America Inc.'s retirement plans have accused Northern Trust Co. of breaching their fiduciary duties by not disclosing substantial securities lending losses.

Banks Slap on SecLending Limits

October 14, 2008 (PLANSPONSOR.com) - State Street Global Advisors (SSgA) has informed its securities lending clients that they are now barred from pulling out their money all at once from the firm's securities lending funds.

DoL Adopts New Securities Lending Exemption

October 30, 2006 (PLANSPONSOR.com) - The Department of Labor's Employee Benefits Security Administration has adopted a final class exemption expanding the opportunities for securities lending between pension plans, banks and broker-dealers.