Fund Administration

Founder Mangum Gives Way To Sheehan At BISYS

BISYS announced today that from January 1, 2003, Dennis R. Sheehan, 47, the company's current President and Chief Operating Officer will succeed company founder Lynn Mangum as Chief Executive Officer of the company. Mangum, 60, will continue in his current

Amvescap Buys Whitehall Asset Management

Amvescap has agreed to buy New York based private wealth firm Whitehall Asset Management and affiliates from the Industrial Bank of Japan Trust Company. Whitehall has around $1.5 billion of assets under management.

Nearly $1 Trillion Flees US Municipal Bond Funds

Through Wednesday of last week, open end municipal bond funds lost $978 billion in assets the biggest drop since February 1997, according to mutual fund research company AMG Data Services. In October, the average municipal bond fund fell 3.31%, according

State Street Expands Seligman Outsourcing Contract

State Street announced today that it has finalized the contract to complete the outsourcing of certain operations, system support functions and information technology at J. & W. Seligman & Co. Incorporated (Seligman), a New York based investment manager and advisor.

RBC Global Services Wins CI Mutual Funds $29 Billion Mandate

RBC Global Services announced today an expansion of its outsourcing agreement with CI Mutual Funds. Under the expanded arrangement, RBC Global Services will service CI's entire $29 billion portfolio of investment funds, making this the largest fund accounting outsourcing arrangement

CSAM Launches ETFs Linked To Dow Jones Indices

Dow Jones says it has issued the first exchange traded fund (ETF) licenses for funds linked to the performance of the Dow Jones Banks Titans 30, Dow Jones Technology Titans 30 and Dow Jones Healthcare Titans 30. The licenses have

SEI Partners With Actuarial Consultancy In Europe

SEI Investments announced yesterday that it has established a partnership with Barnett Waddingham, a provider of actuarial consultancy and investment strategy services to pension funds in the United Kingdom. The partnership means that Barnett Waddingham will introduce manager of managers