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Stock Market & Financial Investment News

News Breaks
April 14, 2014
05:36 EDTBKBNY Mellon appointed as AIFMD depositary by PGGM Vermogensbeheer B.V.
BNY Mellon has been appointed by PGGM Vermogensbeheer B.V., the investment management arm of Dutch pension fund administrator PGGM, to provide depositary services under the Alternative Investment Fund Managers Directive, or AIFMD, for assets valued at EUR14B. In addition to safekeeping the funds' assets, which are held within five fixed income investment funds, BNY Mellon will provide oversight functions and perform cash monitoring as required by AIFMD. Based in Zeist in the Netherlands, PGGM provides pension management, integrated asset management, management support and policy advice for pension funds. PGGM manages about EUR160B assets, as at March, on behalf of more than 2.5M Dutch participants.
News For BK From The Last 14 Days
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September 1, 2015
08:08 EDTBKBNY Mellon selloff off on NAV calculation error overdone, says Morgan Stanley
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August 30, 2015
19:56 EDTBKBNY Mellon may not fix pricing glitches before Monday, WSJ says
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August 28, 2015
06:20 EDTBKBNY Mellon: System performance for InvestOne platform improved on Thursday
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August 27, 2015
06:20 EDTBKBNY Mellon trying to figure out fund computer glitch, FT reports
Bank of New York Mellon has experiencing problems with its mutual funds and exchange traded funds possibly reporting inaccurate prices, the Financial Times reports. The bank's computer systems are used to calculate net asset values of many funds and have suffered several problems since the start of the week, the report says. The resulting confusion might take days to clear up, and it is unclear whether investors are buying or selling funds at inaccurate prices, the report says. Reference Link

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