MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, December 6, 2005 Bisys Wins Two Fund Clients Two fund firms -- Arrivato Advisors LLC and Bjurman, Barry & Associates -- both recently signed on with Bisys for fund support services. The two deals cover five new Arrivato funds and $620 million of fund assets at Bjurman. Bisys will act as sub-administrator to the newly created Arrivato family of life-cycle funds and help with the launch of the funds. It will also provide transfer agency, fund accounting and compliance services to the five mutual funds sponsored by the New York City-based fund firm. The funds will be opened to investors in the fourth quarter of 2005. Eric Rubin, president of Arrivato Advisors, explained that the firm selected Bisys to help with the "labor intense process" of launching the funds and its experience with other fund firms. "We can't afford to take chances with a firm that hasn't the expertise or resources that Bisys has," Rubin added. Meanwhile, Bjurman tapped Bisys for full-service outsourcing offering including fund accounting, fund administration, transfer agency, distribution, legal, regulatory, and compliance services. G. Andrew Bjurman, president and chief executive officer of Los Angeles-based Bjurman, Barry & Associates, said that Bisys' "client-centric service model" was among the primary reasons it hired the provider. "Accuracy, best practices and the efficiencies of our administrative services are key to the successful operations of our firm," said Bjurman. "We believe that BISYS possesses the service commitment, proven capabilities and resources to seamlessly administer the complexities of various fund operations." Printed from: MFWire.com/story.asp?s=10950 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |