RBC Global Services, Institutional & Investor Services (IIS) has expanded its custodial agreement with Mavrix Fund Management Inc. to include outsourcing of the fund valuations for its 25 funds. "To help us with our plans for business expansion and launching
The Association of the Luxembourg Fund Industry (ALFI) is currently modifying its "Handbook" in order to take into account the agreement reached on 12 April, especially on the funds of funds issue. As part of the reworking of the handbook,
Alliance Capital Management Holding L.P. and Alliance Capital Management L.P. reported that preliminary assets under management were $522 billion at April 30, 2005, a decrease of approximately $12 billion, or 2.2%, from $534 billion at March 31, 2005. Preliminary long
In the first quarter of 2005, Fund of Funds assets jumped 28 percent, from $491.8 billion to $632.3 billion. This increase matches the rapid pace of growth in 2003 and 2004, when assets grew from under $300 billion to nearly
Linedata Services announced that certification is complete between its order management system, LongView Trading, and new messaging functionality provided by Thomson AutEx. Thomson AutEx Order Routing is one of a suite of AutEx products used by trading partners to identify
Deutsche Brse continues to expand its XTF segment for exchange traded index funds, with the launch of our new exchange traded funds (ETFs) from the issuer INDEXCHANGE Investment AG. Among the new issues, the Dow Jones STOXX EU Enlarged 15SM
In a major coup for EMX, the UK mutual fund order routing platform, the UK funds supermarket Cofunds has signed a contract to use the EMX Message System for the transmission of messages to buy, sell, value, reconcile and settle
International Financial Data Services (IFDS), the international transfer agency joint venture between State Street and DST, has completed the consolidation and fund merger program for the open ended fund transfer agency activities of F&C Asset Management (F&C). F&C has consolidated
Russell Mellon reached the $6 trillion mark in assets under measurement for its more than 3,300 global institutional investment clients. When Russell Mellon was formed in 1999, it provided performance measurement products and analytics to a client base of 1,100,
The American Stock Exchange is celebrating the 10 year anniversary of the popular exchange traded fund, the MidCap SPDR Standard & Poor's MidCap 400 Depositary Receipts. Since its launch on the Amex in 1995, the MidCap SPDR has seen assets