Ohio School Employees Retirement System, Columbus, approved a manager hiring and commitment totaling $250 million. The $17.5 billion pension fund''s investment committee approved hiring State Street Global Advisors to manage $200 million in passive domestic large-cap value equities and committing $50 million to GoldenTree Distressed Fund IV, a distressed debt fund managed by GoldenTree Asset Management, at its July 15 meeting, spokesman Tim Barbour confirmed in an email. Funding comes from cash. SERS previously committed $50 million to GoldenTree Distressed Fund III in 2019. As of May 31, the actual allocations to domestic equities and global private credit were 25.9% and 1.9%, respectively.
BNY Mellon is reportedly joining a crypto consortium that includes State Street and several other banks, in yet a sign of more institutional participation in the emerging digital asset class.
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BNY Mellon will support Bitcoin trading platform Pure Digital, joining State Street and other banks in the crypto foray as we take a closer look at todays BTC news. The Bank of New York Mellon Corporation announced it will join State Street Corporation and four other banks in backing Pure Digital, a London-based crypto trading 
Fifteen movers and shakers were selected Tuesday to chart future course of Santa Barbaras main drag. The post State Street Advisory Committee Members Named appeared first on The Santa Barbara Independent .
State Street agreed to acquire Mercatus to add private markets coverage to its asset-servicing platform.
State Street Corporation has agreed to acquire Mercatus, a front-and-middle-office solutions and data management provider for private market managers.
Wary of the risky new asset class, banks at first hesitated as crypto exchanges like Coinbase and Binance built businesses on whirlwind trading activity.
BNY Mellon, State Street Corporation, and four other banks have backed up the new cryptocurrency trading venue Pure Digital.
No summary available.
Amid growing demand from institutional clients for digital assets, Wall Street giant BNY Mellon is backing London-based crypto trading platform Pure Digital to provide trading and custodial solutions. One of the U.Ss largest baking custodians State Street was the first to announce its support to the trading platform. BNY Mellon will be joining the consortium The post BNY Mellon Backs Pure Digital to Offer Crypto Trading Solutions to Institutional Clients appeared first on Coingape .
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Benham, who previously worked for SS&C GlobeOp, Stone Harbor Investment Partners and State Street Corp, will be responsible for financial reporting and operations of Northleaf''s private credit funds and separately managed accounts.
State Street Corp. stock falls Wednesday, underperforms market MarketWatch
ETF Inflows Set To Smash Record In 2021 If you thought concentration in ETFs could be a "tail wagging the dog" risk for the market in years past, you haven''t seen anything yet. 2021 is set to smash records, with $488.5 billion and counting moving into ETFs in just 7 months so far this year, far surpassing the previous full year record of $497 billion from 2020, according to Bloomberg . The move comes at the same time the mutual fund industry is seeing an exodus from its products into ETFs, which are easier to trade and more tax efficient. Almost all major firms now offer a plan to "convert" from mutual funds to ETFs. Mutual funds saw net withdrawals of $506 billion in 2020. Fund assets are up a record $6.6 trillion, Bloomberg notes, up from $3.7 "at the height of last year''s selloff". ETF expert Eric Balchunas of Bloomberg said: Theres a format change. In the same way that people went from buying CDs to using streaming or digital music, or from using cabs to Uber. Among other reasons that people move to ETFs is a "mistrust" of money managers that has loomed since the 2008 financial crisis.
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