Novara Aquilone Sicav a mutual fund sponsored by Banca Popolare di Novara S.p.A. (Gruppo Banco Popolare di Verona e Novara) has appointed Dexia Fund Services in Luxembourg as custodian, fund administrator and transfer agent. First European Transfer Agent (FETA), a
Unified Financial Securities, Inc., the Indianapolis based mutual fund distribution firm, has formed an alliance with The Academy of Financial Services Studies, LLC, the Milwaukee based provider of professional development courses, to enhance the suite of services Unified provides to
HSBC is to adopt HSBC Private Bank as the worldwide name for its principal private banking businesses from 1 January 2004. This initiative is designed to achieve full recognition for HSBC Private Bank as one of the worlds largest and
Shortly before Christmas, the Securities and Exchange Commission (SEC) in the US published for comment proposals that would amend mutual fund disclosure requirements regarding breakpoint discounts and front end loads. It also published a concept release to solicit public comment
Oppenheimer Funds CEO Jon Fossel and former Van Kampen Investments CEO Don Powell both former chairmen of the Investment Company Institute (ICI), the Washington based lobbyists for the US mutual fund industry have joined the debate about how to reform
Franklin Resources says it has put two executives and a trader on "administrative leave" over frequent trading in the company's mutual funds. The California based company said in a filing with the US Securities and Exchange Commission that it had
BISYS says Trustmark National Bank has renewed its contract with the firm. BISYS has successfully serviced the bank's mutual fund family, which has approximately $1 billion in assets under management, since 1996 "BISYS has consistently demonstrated its commitment to the
BISYS says it has been selected to support the Individual(k) retirement savings alternative offered by New Jersey based Pershing, which was acquired by the Bank of New York in January this year. BISYS already supports Pershing's private labeled retirement plan
Russell Investment Group has acquired Pantheon, the private equity fund of funds specialist. The agreement demonstrates the growing global appetite for private equity funds of funds. Pantheon will become Russell's solution for private equity services, providing an enhanced and specialized
The Tokyo Stock Exchange (TSE) has eased its ETF listing criterion. From February 2004, the minimum number of shareholders in exchange traded funds (ETF) will fall from 500 to 100. ETFs with less than 100 shareholders at the end of