PFPC, the hedge fund adaministration arm of the PNC Financial Services Group, has teamed up with HedgeFund.net to offer its hedge fund clients access to HedgePlus, HedgeFund.net's online database listing service. HedgeFund.net is contains hedge fund information and performance data,
Forum Financial Group says it has sold its investment advisory business for the Maine and New Hampshire TaxSaver Bond Funds to Integrity Mutual Funds a mutual fund management company based in Minot, North Dakota to concentrate on fund services. "This
A group of sixteen European fund managers has called on transfer agents and fund distributors to process their fund transactions using a single transactional platform. It follows a roadshow organised by Euroclear, owner and operator of the FundSettle processing platform.
The combined assets of the mutual funds in the United States increased by $219 billion, or 3.4 percent, to $6.704 trillion in May, according to the Investment Company Institute's official survey of the mutual fund industry. Stock funds had an
This week Fidelity Investments scrapped the 3 per cent front end sales charge commonly referred to as a sales load on certain US mutual funds, including Contrafund, Contrafund II, Low Priced Stock, Magellan, and New Millennium. As a result of
Nasdaq says the NASDAQ 100 European Tracker has been listed on the Borsa Italiana and commenced trading yesterday. The exchange traded fund (ETF) is designed to track the NASDAQ 100 Index, which consists of the 100 largest non financial stocks
Mainland China's asset management market will be bigger than Hong Kong as soon as next year. Or so say Cerulli Associates, who estimate that by 2004 retail assets under management in China will stand at US$26.7 billion, while in Hong
Nationwide Unit Trust Managers, a subsidiary of the UK building society Nationwide, has renewed its contract with Mellon European Fund Services for seven years a period Mellon describes as unprecedented. Mellon will provide transfer agency and investment accounting services for
BISYS has been selected to support the private labeled Individual(k) retirement savings program launched by Equity Trust Company (ETC), an affiliate of Mid Ohio Securities which provides self directed individual retirement accounts and small business retirement plans. BISYS' Individual(k) administration