BISYS has secured a mandate from Texas-based Capstone Asset Management Company and its mutual fund family, which consists of seven funds with approximately $290 million in assets under administration. BISYS will support the fund family with accounting, financial administration, and transfer agency services.
“We are excited about the opportunity to leverage BISYS’ industry-leading products and services, technology, and expertise to support our growth goals and to maximize the ongoing opportunities to enhance shareholder service,” says Edward Jaroski, president of Capstone Asset Management Company. “We believe BISYS is strategically positioned to support these growth and service initiatives with a sophisticated outsourcing platform that is efficiently and effectively supporting some of the industry’s leading investment firms, their contemporary investment products, and their valued investors. We are confident that entrusting our mission-critical fund accounting, fund administration, and transfer agency services to BISYS will enable us to focus more time, attention, and resources on our asset generation and retention strategies.”
According to Fred Naddaff, president of BISYS Fund Services, Capstone chose BISYS because the company could support its growth plans. “We believe that these fundamentals of our business are among the primary reasons why the funds under our administration have grown from approximately 500 to more than 1,600 during the past five years, and the respective assets under administration have grown approximately 263 percent during the same time period,” he says.