BISYS says it is expanding its capabilities to support principal protection funds, which guarantee investors return of principal, to help clients to enter the market.
BISYS has also observed that in current market conditions principal protection funds are growing quickly, and already represent around $5 billion in assets.
BISYS says it offers “the expertise, proven product development strategy, high-quality operational implementation, comprehensive legal services, and turnkey back-office services that enable its clients to quickly and efficiently enter, and aggressively compete in this market.” BISYS can also assists clients launch funds through its Financial Research Corporation (FRC) subsidiary.
“BISYS is strategically committed to providing the product and service innovations that enable our clients to proactively respond to industry and investor trends, and to successfully compete in today’s dynamic business environment,” says Bill Tomko, president of BISYS’ Investment Services group “This cutting-edge solution for principal protection funds also supports investor requirements in the current economic environment, and provides a growth opportunity for BISYS as this investment alternative continues to gain momentum in today’s volatile marketplace.”