The Universities Superannuation Scheme (USS) has expanded its private equity investment programme by acquiring a $135 million interest in the Neuberger Berman Secondary Opportunities Fund II from the Lehman Brothers Estate.

ASIC has recently released regulatory guidance to assist with compliance with new legal requirements under the Corporations Act 2001 and Corporations Regulations 2001 in relation to short selling.

The FSA has put out a consultation paper looking at the use of certain new powers granted by the Financial Services Act 2010

Teacher Retirement System of Texas (TRS) Board Chairman R. David Kelly announced today that Ronnie Jung has notified the board of his plans to step down as the agency's executive director, effective July 1, 2011.

In a major step toward fulfilling the company's strategic objectives in the area of evaluated pricing services, SIX Telekurs has entered into an agreement with CSV, Incorporated to purchase its evaluated pricing business.

BNY Mellon, has received top ratings in a leading financial journal's 2010 Tri-Party Securities Financing Survey.

Citi recently announced several new appointments to its Asia Pacific Prime Finance team, underlining growing demand for hedge fund services in the region. The eight new appointments are located in Hong Kong, Singapore and Sydney.

In Japan the Financial Services Agency (FSA) has extended the temporary restriction on short selling until July 31, 2010.

State Street, has been appointed to provide investment services to hedge fund group Marshall Wace for its new equity-neutral exchange traded fund (ETF) MW TOPS Global Alpha.

Citi Investor Services, part of the Global Transaction Services business, has launched a new global operating platform specifically for hedge funds. This new offering provides Citi's existing and future hedge fund administration clients a fully

CIBC Mellon Global Securities Services today announced that it has been chosen by Redwood Asset Management, manager of the Redwood Funds, Ark Funds and SciVest Funds to provide asset servicing solutions for a number of the firm's investment funds.

BNP Paribas Securities Services will appoint Patrick Colle as CEO with effect during the month of May. Patrick joined BNP Paribas Securities Services in 2006 and has been Head of BNP Paribas Securities Services' UK business since March 2008.