custodian

also referred to as: custodians

5 statements across 4 episodes · 0 bullish · 3 bearish · 4 people on the record · first statement Jun 11, 2018 by Tom Lydon · across every show →

Everything said about custodian, oldest first

Jun 11, 2018
Assertion Supported
Lydon: 1990s fund companies used custodians to ban short-term market timers
“If a fund company knew you were coming in and putting twenty million dollars, and then you were selling it six months later, they would actually work with the custodian. The custodian would say, they don't want that type of money, so you no longer can buy that…”
Tom Lydon Jun 11, 2018 ▶ 13:03 Tom Lydon – ETF Trends (Capital Allocators, EP.56)
May 24, 2021 negative
Assertion Not checkable as stated
Monk: Unifying institutional portfolio data across custodians and GPs takes months
“What was really hard to do was to get all the data unified, to get it into the system. It could take six months. It's like when you said at Yale we had all this data. It's a huge lift to get this stuff out of The custodians, out of the general partners, out of…”
Ashby Monk May 24, 2021 ▶ 46:48 Ashby Monk – Innovation in Institutional Portfolios (Capital Allocators, EP.196)
Nov 17, 2022 negative
Insight
Institutional investors rely on manual spreadsheets across fragmented software systems
“As much as every institution has some sort of permutation of a CRM system and a performance system and a risk system in some way that they're tracking liquidity and they have a custodian, they still are responsible for shipping data between those systems and m…”
Melanie Pickett Nov 17, 2022 ▶ 10:27 Melanie Pickett – Modern Technology in the Investment Office at Northern Trust (Capital Allocators, EP.281)
Nov 17, 2022 negative
Insight
Custodial books are insufficient for institutional investment decision-making
“Accounting books and custody books are not really fit for purpose for making investment decisions, and so they're meant to be monthly, they're meant to be settlement date based, and as asset owners and allocators started making more investment decisions in-hou…”
Melanie Pickett Nov 17, 2022 ▶ 14:49 Melanie Pickett – Modern Technology in the Investment Office at Northern Trust (Capital Allocators, EP.281)
Sep 4, 2023 neutral
Disclosure
Birmingham: PRINCO feeds data to its custodian rather than relying on it
“We do have a custodian, which is technically our books and records, but it's really The shadow book, because we enter all the data into our system, and then we feed that to our custodian.”
Jen Birmingham Sep 4, 2023 ▶ 38:56 Jenn Birmingham – Organizational Alpha at PRINCO (EP. 336)
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