Four major US public pension funds have told the parent company of beleaguered mutual fund group Putnam Investments that they will nominate their own candidate for the company's board, in line with the post Enron rule proposed by the Securities
The first full month of trading on SETSmm, the London Stock Exchange's new hybrid trading service, was completed in November. The average number of trades per day was 9,841, up 65 per cent on an average of 5,978 trades per
The third largest US pension fund, California giant Calstrs, has fired Putnam Investments as money manager. The decision by the California State Teachers' Retirement System comes after its sister fund, the California Public Employees' Retirement System, voted last month to
The Corporation of London has handed the custody of both its pension fund and its endowment funds to ABN AMRO Mellon Global Securities Services. The Corporation's three funds amount to a portfolio of 800 Million With the help of specialist
Hedge funds in the Hennessee universe produced a positive return of +1.14% in November, bringing the year to date return to +17.74%, according to the Hennessee Hedge Fund Index. The broad market indices were mixed in November, with the S&P
Spread betting pioneer IG Index, has implemented CSK Pricer, a pricing system supplied by CSK Software AG (CSK). As part of a broader project to change the way in which IG Index makes its prices and markets and so expand
Credit Agricole Investor Services in Paris has put a further 1.1 billion of UK assets into custody with HSBC Global Investor Services (GIS). This follows the amalgamation of Credit Agricole Investor Services UK portfolio, and the selection of GIS as
CSK Software AG (CSK) has announced a strategic alliance with iWay Software (iWay), an "information builder" and adaptor vendor. The deal enables CSK to deploy iWay's technology in its solutions. The focus of the new partnership is on the integration
Cap Gemini Ernst & Young is offering US securities houses a technology platform to enable them to meet the Securities and Exchange Commission (SEC) requirement imposed as part of the settlement announced on 31 October to distribute independent stock research
XcitekSolutionsPlus has announced that U.S. Bancorp, the Minneapolis based financial services holding company with $189 billion in assets, has signed a multi year agreement to license XSP for corporate actions processing, in addition to licensing eTRAN, the web based module