BISYS secures four new fund support service mandates
Four fund advisory firms have selected BISYS to provide a full range of fund support through the company's domestic and offshore fund services operations.
The firms are Giant 5 Funds, PARADIGM Global Advisors LLC, Prusik Investment Management LLP and Wayne Hummer Asset Management Company.
'We are very pleased to be the outsourcing partner of choice for these fund organizations,' says Fred Naddaff, president of BISYS Fund Services, about the new client mandates. 'I believe that our sophisticated global operating platforms and reputation as a leader in regulatory and compliance services is propelling BISYS to attract and retain such valuable relationships. Over the past 12 months, 17 investment firms have signed on with BISYS. This is a testament to the momentum we have gained in the marketplace.'
Giant 5 Funds, a Colorado-based investment company, chose BISYS to partner in the start-up of their world allocation fund of funds, Giant 5 Total Investment System and Giant 4 Total Investment System. These unique portfolios seek an equal balance among real estate, bonds, capital, energy and raw materials. BISYS will provide fund accounting, transfer agency and administrative services.
PARADIGM Global Advisors LLC is also employing BISYS' fund support for their newly launched SEC-registered fund of hedge funds portfolio, PARADIGM Multi Strategy Fund I LLC. PARADIGM will rely on BISYS for their legal and compliance infrastructure and fund administration services.
To support the launch of Prusik Asia Fund plc - a long-only, Dublin-domiciled UCITS (undertakings for collective investment in transferable securities) - Prusik Investment Management LLP chose BISYS (Ireland) as fund accountant and transfer agent, while Wayne Hummer Asset Management Company, headquartered in Chicago, IL, is utilizing BISYS' turn-key administrative offering in support of the PathMaster Domestic Equity Fund. Under the terms of the contract, BISYS will deliver a comprehensive suite of services, including fund accounting, transfer agency, distribution and CCO support.
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