MassPRIM May Dismiss FX Partner BNY Mellon
The Massachusetts Pension Reserves Investment Management (MassPRIM) has said it may drop BNY Mellon, its partner on foreign-exchange trading.
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Joining FX Scrutiny, Ohio Treasurer Seeks to Investigate State Street, BNY Mellon Charges
Ohio's treasurer has asked the state's attorney general to look into the foreign currency exchange practices of the two largest US custodians -- State Street and BNY Mellon -- which oversee pension fund holdings.
MassPRIM Sets Timetable to Cut Out Middlemen
MassPRIM’s board has approved a plan to choose its first 10 hedge fund managers who will manage roughly $500 million that had previously been allocated for hedge fund-of-funds.
NY Police Pension Finally Ventures Into HFs
New York City has approved an investment of $23 million from the police pension fund into a hedge fund-of-funds.
MassPRIM: Removing FoFs Moves Us Closer to Peers
The Massachusetts Pension Reserves Investment Management Board has decided to embark on a comprehensive asset allocation review in an effort to better fund the $48.7 billion system, highlighting the need to change thinking, strategy, allocation, and management guidelines as circumstances change, the fund's spokesperson tells aiCIO.
MassPRIM Board Aims to Slash $30 Million in Fees Via Direct HF Investing
The Massachusetts pension may soon directly invest in hedge funds instead of relying on a more costly funds-of-funds approach.