The SEC's complaint alleges that the former executive led a scheme to add secret commissions to securities trades performed for at least six clients of State Street's transition management business, which helps institutional clients move their investments between asset managers or otherwise restructure large investment portfolios.
October 6, 2011 (PLANSPONSOR.com) - State Street Global Markets’ (SSgM) Ross McLellan and Edward Pennings – global head of SSgM’s portfolio solutions group and head of the Europe, Middle East and Africa solutions group, respectively – have left the company.
July 21, 2011 (PLANSPONSOR.com) – In a survey of 105 public and private pension funds, endowments and foundations across the United States and Canada, nearly 40% of the investment officers contacted told TABB Group that they sought the advice of an investment consultant when selecting a transition manager.
June 30, 2011 (PLANSPONSOR.com) - Institutional investors should review information that goes beyond the typical scorecard that they use, called the “implementation shortfall,” when they gauge the success of changing the asset allocation of a portfolio or switching asset managers, according to a new study from Mellon Transition Management (MTM).
May 31, 2011 (PLANSPONSOR.com) - Institutional investors are taking far longer to change investment managers or asset allocations than they did before the 2008 financial crisis, according to Mellon Transition Management (MTM).
October 27, 2009 (PLANSPONSOR.com - Northern Trust
has introduced a new pre-trade analysis report for transition
management designed to help institutional investors evaluate
the potential costs and risks of switching investment
managers or changing asset allocation policy.
July 22, 2009 (PLANSPONSOR.com) - In PLANSPONSOR's
2009 Transition Management Survey, fewer than three-quarters
(72.9%) of some 561 plan sponsor respondents said they had
completed transition trades during 2008, compared with nearly
90% the year before.
June 17, 2009 (PLANSPONSOR.com) - A record number of
pension funds, endowments and other financial institutions
will swap out their asset managers in the last half of 2009,
so the transition management market should be