Friday 25th April 2014
 flextrade
Clearstream has agreed to purchase Citco’s hedge fund custody processing unit in Cork for a sum in the ‘mid-double-digit-million euro range’ - The National Bank of Abu Dhabi (NBAD) has become the first licensed market-maker in the United Arab Emirates after winning approval from the Securities and Commodities Authority (SCA) - BlackRock has been awarded its first Renminbi Qualified Foreign Institutional Investor (RQFII) licence by the China Securities Regulatory Commission (CSRC) - An index joint venture between FTSE Group and Canada’s TMX Group has acquired the indices business of MTS, a European electronic fixed income trading business owned by the London Stock Exchange - The European leveraged finance market is set to undergo a shift this year, as private equity sponsors veer back towards loans to finance leveraged buyouts, says S&P Capital IQ - Turkish corporates are the most exposed among EMEA emerging markets to a scenario of slowing growth, rising interest rates and a persistently weak local currency, according to Fitch Ratings - London-based Global Markets Exchange Group (GMEX) is in talks to acquire an equity stake in ALTX Africa Group, a new exchange operator focusing on East Africa - Alternative asset managers with expertise in high-yield fixed income and distressed assets are upping their investments in the peer-to-peer loan market, according to a new report from Cerulli Associates.

eSecLending auctions $43bn for CalPERS

Thursday, 31 May 2012
eSecLending auctions $43bn for CalPERS eSecLending, the global securities lending agent, says it has conducted a securities lending auction of $43bn in US equities for the California Public Employees’ Retirement System (CalPERS). CalPERS awarded Citi exclusive borrowing access to $28bn of the assets through a bidding process in May 2012. The remaining assets were awarded to other participating bidders and to eSecLending’s discretionary lending program.http://www.ftseglobalmarkets.com/

eSecLending, the global securities lending agent, says it has conducted a securities lending auction of $43bn in US equities for the California Public Employees’ Retirement System (CalPERS). CalPERS awarded Citi exclusive borrowing access to $28bn of the assets through a bidding process in May 2012. The remaining assets were awarded to other participating bidders and to eSecLending’s discretionary lending program.

“We are very excited about the results of the recent US equity auction,” says Dan Kiefer, Opportunistic Portfolio Manager for CalPERS. "eSecLending’s auction process once again optimized our assets in a transparent and disciplined manner. We look forward to working with Citi in the coming term.”

“We are thrilled to have won these assets and deepen our relationship with CalPERS”, said Alan Pace, head of prime finance in the Americas at Citi. “This win is a testament to the growth we have experienced in our Prime Finance franchise as well as our continued commitment to provide our clients with access to the highest quality borrow.”

Securities lending plays a significant role in today’s global capital markets. The practice improves overall market efficiency and liquidity, provides a critical element for hedging, acts as a useful tool for risk management in trading and investment strategies and helps to facilitate timely settlement of securities. With the balance of securities on loan at the end of April 2012 exceeding $1.9trn globally, securities lending has evolved from a back office operational function to an investment management and trading discipline.

eSecLending is an independent global securities lending agent providing customized securities lending solutions for institutional investors worldwide. The company’s innovative approach has introduced investment management practices to the securities lending industry, offering beneficial owners a compelling alternative to traditional pooled lending programs. Their differentiated process facilitates best execution by utilizing a transparent, disciplined and repeatable auction process to determine their clients’ optimal securities lending strategy. In addition to outperformance, their approach provides clients with greater transparency and control, allowing them to more effectively monitor and mitigate risks.

Related News

Related Articles

Related Blogs

Related Videos