eSecLending has reached $2.5 trillion in assets auctioned since inception. This milestone was achieved following two successful auctions in Q4, which were amongst the largest revenue generating auctions in the company’s history.
Jerry May, portfolio manager for the Ohio Public Employees Retirement System (Ohio PERS) states, “For Ohio PERS, the eSecLending process provides pre and post execution benchmarking, allowing us to make better informed decisions regarding the optimal route to market for our portfolios. We have been very pleased with the transparency of the process and their ability to customize our lending program. We were particularly impressed with the results of our most recent auction which generated a material increase in intrinsic returns versus our 2010 auction result and market benchmarks.”
Chris Poikonen, executive vice president at eSecLending adds, “In the face of a challenging market environment, we are thrilled with the results our auction process continues to generate for our clients. Reaching $2.5 trillion in assets auctioned is a significant milestone for our company and the industry. Over the last eleven years, the power of our process has been proven by the breadth of borrower participation and overall outperformance against market benchmarks. As the market leader in securities lending auctions, we ensure each program remains a bespoke experience for our clients incorporating over 30 markets, more than 40 borrowers and a variety of collateral options.”
