Fund Administration

SEI Investments Reports Record Earnings Figures

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

Rumours That Cogent is For Sale Re-Surface

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

Egg Announces International Expansion

Egg, provider of online banking and financial services to almost 2 million customers in the UK, is to launch in France in 2002 with a target of acquiring 1 million customers in its first three years. Egg expects to invest

Crédit Lyonnais and S&P Introduce ETFs

On 1 February 2002, Crdit Lyonnais Asset Management will introduce two new Exchange Traded Funds (or ETFs) under the brand name SPDR Europe. Both the SPDR Europe 350 and SPDR Euro funds will trade on NextTrack, the dedicated ETF platform

December Flows Trickle into Stock Funds

Stock funds attracted $3.4 billion in new money in December, a mere trickle compared to the $15.3 billion worth of inflows in November, according to data from the Investment Company Institute (ICI).The proceeds come from an inflow of $6.9 billion

Capstone Unveils ESOP Fund

As controversy continues to swirl around the proper role of company stock in retirement plans, a Houston fund manager unveiled a fund investing in US firms with broad based employee stock ownership programs.Capstone Asset Management Company said in a press

Funds Still Flowing into US Mutual Funds

The combined assets of the nation's mutual funds increased by $37.9 billion to $6.970 trillion in December, according to the Investment Company Institute's official survey of the mutual fund industry. In the survey, mutual fund companies report actual assets, sales

Investec Introduces Asia Focus Fund

US Bancorp Fund Services LLC has won the administration mandate from Investec for its new Asia Focus Fund, which is domiciled in the US. Investec Asset Management (formerly Investec Guinness Flight) announced that its new Investec Asia Focus Fund is

State Street Creates Office of Family Advisor

State Street Global Advisors (SSgA) has created the Office of the Family Advisor, which has been designed to integrate investment planning with investment management, including the identification and monitoring of outside investment managers, trust and custody for high net worth

FT to Laucn FTfm Supplement

The Financial Times is launching a new supplement for the fund management industry on Monday February 4. The new weekly tabloid supplement, called FT fund management (FTfm) will be distributed with the FT, and will be the world's largest circulation