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
BISYS announced today it had acquired Washington based Select Insurance Marketing Corporation (SIMCO), an insurance brokerage firm specializing in the wholesale distribution of long term care insurance. Terms of the transaction were not disclosed. BISYS is looking to expand its
Clearstream announced today that it was buying Filinks from CDC Ixis Capital Markets, in order to enhance the mutual fund processing capabilities of its Vestima platform. Filinks has developed a technology (FORS) which Clearstream says can dramatically improve STP rates
The Sierra Club an American environmental pressure group with 700,000 members has teamed up with Forward Management to offer its members and other Green enthusiasts mutual funds. The Sierra Club Funds will select securities for potential investment based on environmental
Morgan Stanley and BISYS today announced a strategic alliance to provide self employed business owners with stronger and more efficient retirement programs through the Morgan Stanley Individual(k) Program. The alliance will see the Morgan Stanley Individual(k) program use BISYS technology
Mellon today announced the replacement of Harley Murphy by Kevin Potts as Managing Director of its offshore fund administration business in Dublin. Potts was previously Managing Director of BNP Paribas Fund Services (Ireland) Limited and, before that, a Group Manager