Fund Administration

ETFs Jump 5.2% in December

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

American Stock Exchange Up for Sale

FT reported today that American Stock Exchange (ASE), the exchange with listings of many ETFs (Exchange Traded Funds), is up for sale amid expectations of a wave of consolidation among securities markets in the United States and Europe. According to

ICI Reports Exchange Traded Fund Assets

The combined assets of the nation's exchange traded funds (ETFs) were $82.99 billion at the end of December 2001, according to the Investment Company Institute, the national association of the investment company industry. The Institute's monthly statistical collection also includes

Kinsley Construction Selects SEI Investments

SEI Investments, the global provider of asset management and investment technology solutions, has been awarded a mandate to manage $15 million in defined contribution plan assets for Kinsley Construction. SEI will provide advisory, investment management, administrative and education services. "SEI's

Record Flows in US Mutual Funds Says Lipper

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

BISYS Selected By Bessemer Trust For Closed-End Fund

BISYS announced today that it has been selected by New York based Bessemer Trust Company to provide fund administration for the investment firm's new closed end mutual fund. Bessemer Investment Management LLC, a wholly owned subsidiary of Bessemer Trust Company,

BISYS Launches Full-Service Solution For Individual(k)

BISYS today announced the formal launch of its full service solution for Individual(k) plan record keeping and administration. Individual(k) is the generic name of the new type of retirement plan which became available for small business owners on January 1,