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UNION BANK NAMED GLOBAL CUSTODIAN AND PAYING AGENT FOR MAJOR ALTERNATIVE FUND COMPLEX
For Immediate Release
SAN FRANCISCO, November 30, 2010 -- Union Bank, N.A. today announced that it was recently selected as Global Custodian and Paying Agent for EIG Alternative Investments, LLC (EIG). EIG was formerly the Energy and Infrastructure Group at The TCW Group, Inc. and will be fully independent effective January 1, 2011.
"We are pleased with the custody platform at Union Bank," said Pritpal Aujla, chief financial officer for EIG. "They share our global perspective and they have demonstrated a commitment to supporting the demands of our alternative investment strategies."
EIG Alternative Investments is among the leading institutional providers of capital to the energy sector. For nearly 30 years, EIG has been recognized as an industry leader, with more than $7.4 billion currently under management globally.
"Union Bank is privileged that EIG has expressed confidence in our global custody services, and we are committed to them as they launch new funds within our service platform," said Marianne Bamonte, senior vice president and business manager for Union Bank’s Institutional Trust & Custody Services. "Institutional Trust and Custody has been a core business at Union Bank for nearly a century, and we are determined to remain successful in this highly competitive industry."
EIG has also designated the HighMark Diversified Money Market Fund as its recurring overnight investment vehicle. HighMark Funds are managed by HighMark Capital Management, Inc., a registered investment adviser and a wholly owned subsidiary of Union Bank, N.A.
As a leading national provider of trust and custody services, Union Bank has provided trust, custody and investment management services for almost a century. Solutions are customized for corporations, financial institutions, nonprofit organizations, labor management trusts, foundations, public agencies, investment managers, insurance companies and mutual fund managers. To learn more about Union Bank's debt and escrow administration services, custody and security services, and professional investment services, call 1-800-490-8262 or visit Union Bank online at www.unionbank.com.
About UnionBanCal Corporation & Union Bank, N.A.Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $80 billion at September 30, 2010. Its primary subsidiary, Union Bank, N.A., is a full service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 397 banking offices in California, Washington, Oregon and Texas, as well as two international offices, on September 30, 2010. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations.Visit www.unionbank.com for more information.
Mutual fund investing involves risk, including possible loss of principal. HighMark Funds Distributors, Inc., an affiliate of BNY Mellon Distributors Inc., is the principal underwriter of the HighMark Funds. An investment in the money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds. Investment returns and yields will fluctuate.
Carefully consider the Funds' investment objectives, risk, and charges and expenses. This and other information can be found in the Funds' prospectus, which may be obtained by calling 1.800.433.6884 or by visiting highmarkfunds.com. Please read the prospectus carefully before investing.