VPS, a commission trailing and payment software application created by a Swiss IT consulting and software house called Aquin Financial, is to be sold in Britain by a company founded just sixteen months ago Inceptio. Inceptio, which was started by
Investment Company Institute President Matthew P. Fink today commented on a letter sent by Representatives Michael G. Oxley (R OH), Chairman of the House Committee on Financial Services, and Richard Baker (R LA), Chairman of the House Subcommittee on Capital
Forum Financial Group announced today that it was servicing three offshore funds sponsored by Comerica Institutional Trust. Forum is providing fund accounting, transfer agency and corporate secretarial services for the equity, fixed income and money market funds. "To better serve
Automatic Data Processing (ADP) is acquiring ProBusiness Services, a provider of outsourced employee administrative services for large employers providing payroll, payroll tax filing, and benefits administration. ProBusiness has entered into a definitive agreement to be acquired by ADP for $17.00
The combined assets of the closed end funds in the US were $149.61 billion at the end of the third quarter of 2002, the Investment Company Institute reported today in a quarterly statistical collection of closed end funds. Total closed
BISYS announced today that it had acquired New York based Career Brokerage (aka Feingold Scott, Limited), an insurance brokerage firm specializing in the wholesale distribution of life, annuity, disability, and long term care insurance products. Terms of the transaction were
The combined assets of US mutual funds increased by $317.9 billion, or 5.1 percent, to $6.56 trillion in November, according to the Investment Company Institute's official survey of the mutual fund industry. Equity funds had an inflow of $6.46 billion
Indulging its penchant for Orwellian language, the New Labour government in the United Kingdom today described a massive tax hit for the beleaguered life assurance industry as "fairer." Paymaster General Dawn Primarolo announced measures, to be included in the 2003
CIBC Mellon is Canada's highest rated transfer agent. Or so says a survey of services provided to issuers and registered shareholders conducted by Group Five, a consulting and corporate services research firm. CIBC Mellon achieved top ranking in "overall satisfaction"
SEI Investments announced today that its Alternative Investment Fund Services unit has hired Michael Leahy as its Head of Alternative Investments Operations. Leahy joins SEI after eleven years with Goldman Sachs's Hedge Fund Strategies group a $4.4 billion hedge fund