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US Beneficial Owners Roundtable 2022: ESG is a work in progress | Thought Leaders

US Beneficial Owners Roundtable 2022: ESG is a work in progress | Thought Leaders
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Fidelity opens securities lending platform to all comers

Fidelity opens securities lending platform to all comers The agency lending platform joins a compact group of less than a dozen companies that enable funds to lend securities to be sold short. April 28, 2021 2 MINS After two years of field testing a securities lending platform on its own funds, Fidelity Investments is opening the platform to the broader universe of mutual funds, ETFs and institutional investors looking to add performance by lending securities to be sold short. Fidelity Agency Lending, which is currently responsible for $2 trillion in assets, joins a compact group of less than a dozen companies that offer securities lending services to asset managers.

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Opening Bell: 4.29.21

Opening Bell: 4.29.21 Author: Apr 29, 2021 National Institute of Allergy and Infectious Diseases (NIAID), National Institutes of Health (NIH), Public domain, via Wikimedia Commons COVID and FOMO; short Fido’s shares; the unkillable carried interest loophole; and more! I wasn t worried that the training was virtual, I was just upset that I didn t get to go into the office. Because as a new joiner, as a grad, we want to make those connections, he said, adding that the virtual training went smoothly./ It s that little social chat that matters. It s very much that sort of thing we ve missed out on…. For the star rainmakers and fund managers of tomorrow, the change is disconcerting. And senior executives are worried about these juniors missing out on important experience that could constrain their careers or see them leave for rivals….

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Fidelity launches U.S. securities lending platform | Investment Executive

James Langton U.S. asset management giant Fidelity Investments is opening its internal securities lending platform to third-party asset managers and financial institutions. The Boston-based firm said Fidelity Agency Lending, which served as securities lending agent for its in-house mutual funds since 2019, would now be available to the wider industry. The service has helped generate added returns for Fidelity’s own funds, the firm said. “Current market dynamics are compelling institutions to take a more active role in their securities lending programs to find a competitive advantage,” said Justin Aldridge, head of Fidelity Agency Lending, in a release. “We believe firms are looking for an agent lender with both new technology and the proven ability to serve large, complex institutions, and we’re excited to offer that to the marketplace.”

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