SEI Investments Company announced financial results for third quarter 2003, reporting an increase in revenues, a decrease in net income and an increase in earnings per share, compared to the corresponding period for the prior year. The report showed revenues
Fund managers INVESCO PERPETUAL have migrated their transfer agency business onto the Global Fund Administration System (GFAS) developed by Mutual Fund Technologies (MFT), the Fidelity owned supplier of fund administration and transfer agency platforms. This follows a decision at the
Coutts Bank (Switzerland) Limited, part of the Coutts Group, which is a wholly owned subsidiary of The Royal Bank of Scotland Group, has reached agreement with Bayerische Hypo und Vereinsbank AG (HVB) to acquire its private banking subsidiary, Bank von
Mercer Investment Consulting has been appointed to provide investment advice to the Shropshire County Pension Fund. Specific services will include advice on the selection of a fund of hedge fund manager and assistance with ongoing monitoring of the appointed manager.
Investment Company Institute Chairman Paul Haaga has urged pro tem NYSE Chairman John S. Reed "to secure representation for mutual funds on the board of the Exchange." Noting the NYSE's acknowledgment that "the investing public is the Exchange' s ultimate
Friends Provident, he UK life and pensions office, says it will dispense with its in house sales force. The change is prompted by "de polarisation," a proposed regulatory change that will end the divide between independent financial advisors (who sell
From Investment Company Institute Chairman Paul G. Haaga, Jr. today endorsed the "action plan" outlined by SEC chairman Willliam Donaldsons to tackle market abuse in late trading and market timing via better enforcement of current laws, cooperation with state prosecutors
CorrectNet, a provider of web reporting solutions to fund managers, has launched a Cayman Islands based data center, using hosting facilities provided by Brac Informatics. "Providing a service that adheres to jurisdictional requirements of half of our market is clearly