Fund Administration

BNY To Manage Threadneedle Retail Client Services Operations

Threadneedle Investments has announced that Bank of New York will manage Threadneedle's existing Swindon based Retail Client Services operations. Threadneedle will become The Bank of New York's largest transfer agency client. Threadneedle was advised throughout the selection and negotiation process

Wachovia Drawn Into Mutual Fund Scandal

US regulators are considering action against Wachovia for possible improper trading in mutual funds. Wachovia also says the Securities and Exchange Commission is considering enforcement action for stock purchases made ahead of its merger with First Union Corp. Wachovia, the