U.S. Bancorp Fund Services, LLC (USBFS) has licensed Eagle Investment Systems Corp. to enhance its fund administration platform. USBFS selected Eagle for its scalable platform, reporting, and information delivery capabilities. Using Eagle PACE and Eagle Portal will provide USBFS with
BISYS says it has entered into a long term, multiple services agreement with Illinois based Sterling Federal Bank to provide enterprise wide information processing services and technology. BISYS's processing platform will support Sterling Federal Bank with an open database technology
Deutsche Brse says the actively managed Xavex SICAV CROCI US ETF started trading on Xetra today. The fund is issued by Xavex SICAV, a subsidiary of Deutsche Bank. This pushes the number of Xavex funds listed in the Xetra Active
AXA Investment Managers (AXA IM) says it has completed the transfer of its UK investment operations to State Street. It was in December 2003 that State Street was appointed to provide investment operations for EUR300 billion of AXA IM's assets
The Bank of New York has been appointed by Aon Asset Management Limited to provide custody, fund administration, securities lending, and transfer agency services for $1.5 billion of assets. In addition, BNY Brokerage will provide Aon Asset Management Limited with
BISYS says its outsourcing relationship with the Credit Suisse owned fund management boutique J O Hambro Investment Management is being expanded to include fund accounting, financial administration, transfer agency, corporate secretarial and anti money laundering services for the Waverton Investment
The International Money Market Funds Association (IMMFA) says it had a strong year in 2004. By the close of the year there were 32 members, of which the 25 fund provider members represented total money fund assets under management of
The combined assets of closed end funds in the US were worth $254.44 billion at the end of December 2004, the Investment Company Institute reported this week. Total closed end fund assets increased $10.84 billion during the fourth quarter, according
The Bank of New York says it has been selected as hedge fund administrator by the Kallista Credit Arbitrage Fund, a Cayman Islands domiciled fund listed on the Irish stock exchange. The fund is advised by French hedge fund manager,
Western Europe is falling behind the emerging markets of Asia and Eastern Europe in terms of new investment demand for commercial property, according to a new report published by Royal Institution of Chartered Surveyors (RICS). The first RICS Global Property