State Street has been appointed as administrator and custodian for Aon Asset Management's new umbrella fund, which launched in March this year. This is the first such structure to be launched following the establishment of the asset management arm of
The Bank of New York has branded its fund manager outsourcing business as BNY SmartSourceSM. The idea is to emphasise that the bank is single point of access to all of the operational outsourcing needs of a fund manager, whether
The Bank of New York announced today that it has been named Exchange Traded Fund (ETF) services provider for the PowerShares Dynamic Market and the PowerShares Dynamic OTC Portfolios launched today by PowerShares Capital Management LLC on the American Stock
The London based International Money Markets Fund Association (IMMFA) says total assets in funds managed by its members rose to US$136.8 billion in the quarter to end March 2003. US Dollar assets suffered a slight asset decline as average yields
The first exchange traded fund (ETF) on the Standard & Poors 500 U.S. benchmark index started trading on the XTF segment of Deutsche Borse's today. The iShares S&P 500 ETF, managed by Barclays Global Investors (BGI), is the sixth ETF
What claims to be the first equity fund designed specifically for companies in the recycling sector is set to launch in the United Kingdom in June this year, following clearance from the European Commission and HM Treasury. The Recycling Fund,
BISYS reported net income of $32.5 million in the first quarter of 2003, not far behind the $33.2 million it delivered a year ago. Revenue for the quarter was actually up at $244.8 million, an increase of 11 per cent
SEI Investments, the manager of managers fund management products and outsourcing services, reckons it may have turned the corner on a difficult period, after reporting increases in net income and earnings per share over the corresponding period in 2002. "We
BISYS says Century Business Services (CBIZ) has expanded its out sourcing contract with the firm to include an additional 30 daily valued 401(k) retirement plans, controlled by approximately 5,700 collective plan participants. BISYS has worked with CBIZ since September 2002,