Duke taps manager – Mellon wins competition

Duke University’s $4.2 billion endowment fund, pension plan and other investments have been placed in custody with Mellon Trust’s Global Securities Services group.

Mellon will provide the university with custody and short-term management services, performance measurement and analytics.

“We’re extremely pleased that Duke has chosen Mellon Trust from a large group of competitors as its custody provider,” Global Securities Services head Jim Palermo said.  “We welcome the opportunity to work with such a highly-regarded and prestigious institution.”

Mellon Trust’s Global Securities Services group, which is part of Mellon Financial Corporation, currently administers more than $2.3 trillion worldwide.

Leave a Response

Your email address will not be published. All fields are required.