US - The Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS) has sued State Street after the bank demanded the scheme return US$4.2bn into its securities lending program.
According to a filing in the Circuit Court of Cole County Missouri, the bank said that by withdrawing billions from the Quality D Fund which was used as part of State Street's securities lending pr...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date