Daniel Kiernan’s guide to Securities Lending You may have read about securities lending recently in the financial press because the funds manager Blackrock is being sued by a group of pension funds for not sharing the revenues earned from their sec lending activities. Intelligent Partnership’s Daniel Kiernan, runs through a comprehensive guide to the activity of “sec lending”. Securities lending activity is not widely understood by investors, who trust fund managers to look after their money, but can have real implications for them. It is another area where perception is that the funds management industry has not been as transparent…