Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Retirement Income Conference
    • 2022 Managing Pension Risk & Liabilities
    • 2022 WorldPensionSummit
Breadcrumb
  1. Home
  2. Print
April 15, 1996 01:00 AM

AUTOMATED DIVIDEND DATA AVAILABLE

Marlene Givant Star
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    NEW YORK - Interactive Data Corp. has entered into an agreement with Lipper Analytical Services to provide automated daily dividend accrual factor data for mutual funds.

    Such information is necessary in accounting for mutual funds that declare dividend income daily.

    The new offering is the first in a series of mutual fund accounting services that Interactive Data and Lipper will offer to bank trust departments, custodians, brokerage firms and 401(k) record keepers.

    Most firms use a dedicated staff to collect this information manually. The new service will be automated, allowing firms to redeploy these people, or reduce staff.

    Adding value fund on agenda

    SAN DIEGO - Nicholas-Applegate Capital Management will introduce its first value-oriented mutual fund by summer, said John W. Wylie, chief investment officer-retail and a partner. The decision was driven in part by the desire to offer an approach to 401(k) plans, he said.

    The strategy also will be available to institutions on a separate account basis, he added.

    Nicholas-Applegate will look at acquiring a value manager as one of several options to manage the new products, according to Ashley Rabun, president of the Nicholas-Applegate Mutual Funds.

    Other possibilities include buying a value mutual fund or hiring a seasoned value portfolio manager, she said.

    Federated funds get name change

    PITTSBURGH - Federated Investors is changing the names of several funds so all 19 of its mutual funds include the word Federated.

    Many of the funds previously were called by such names as Liberty and Fortress.

    "Changing the names of our funds is part of our overall marketing strategy to increase brand-name awareness and help financial intermediaries sell Federated funds," said James F. Getz, president of Federated Securities Corp.

    Automated phone service offered

    STAMFORD, Conn. - PIMCO Advisors Funds introduced an automated telephone information system for financial advisers and their clients.

    The program provides round-the-clock access to daily fund and market results and gives the adviser the ability to hear recorded messages from each of the funds' institutional investment managers, including Bill Gross of Pacific Investment Management Co.

    Bank group taps Security First

    WASHINGTON - The Corporation for American Banking, a subsidiary of the American Bankers Association, selected Security First Group, Los Angeles, to provide mutual funds, annuities and other investments for its member banks to market to customers.

    Tower to offer Aetna funds

    HARTFORD, Conn. - Aetna Retirement Services Inc. and its subsidiary, Aetna Life Insurance and Annuity Co., reached a selling agreement with Tower Investors Inc. in which Tower will add Aetna's Premier and Premium Plus Fixed Annuities to its product portfolio.

    Tower is a subsidiary of Hibernia National Bank, New Orleans. The products will be sold to bank customers in Louisiana.

    Offshore processing venture set

    WAYNE, Pa. - Fund Resources, a wholly owned subsidiary of SEI Corp. with $65 billion in mutual fund assets under administration, teamed up with Morgan Grenfell (Ireland) Ltd., one of the largest offshore fund processing firms in the world with $5 billion in assets.

    The firms have created Fund Resources (International) Ltd., a separate SEI company based in Dublin, to provide offshore mutual fund processing for U.S.-based investment managers.

    According to David G. Lee, president of the new entity, SEI's Fund Resources Division will provide the knowledge of U.S.-based investment companies, securities processing technology and U.S. distribution, while Morgan Grenfell (Ireland) will provide the offshore fund processing infrastructure and a strong track record of global fund administration for non-U.S. fund advisers.

    According to Paul McNaughton, chief executive officer of Morgan Grenfell (Ireland): "As the money management business continues its rapid global expansion, U.S. managers will increasingly look for offshore fund processing."

    The new entity already has signed on The Northern Trust Co. and its Global Cash Funds as a client, along with the processing for SEI's family of funds.

    SEI officials say offshore processing of mutual funds has grown rapidly in recent years and offers significant advantages for U.S.-based investment advisers, including minimizing withholding taxes to non-U.S. investors and providing flexible investment structures.

    The joint venture is one of a few "independent" offshore processing firms. Most current providers are banks, which offer the service alongside custody. Fund Resources (International) will focus on fund administration as its core business, while enabling a client to select the custodian of its choice.

    SEC doing prospectus work

    WASHINGTON - The Securities and Exchange Commission's investment management division, which regulates mutual fund companies, is working to help them tailor prospectuses for the burgeoning 401(k) market, Robert Plaze, associate director, said in an interview.

    The SEC is looking at eliminating information not relevant to those who invest through employer-sponsored retirement programs while adding more pertinent information.

    For example, a good deal of current prospectus information discusses ways investors can buy and sell mutual fund shares - unnecessary for those who invest through 401(k) plans, Mr. Plaze said.

    At the same time, the agency is concerned "that people are funding their retirement with money market funds," he said. So, the SEC might ask mutual fund companies to add information in the prospectus that would help investors determine the viability of those investments.

    The agency's concern is dovetailing with Labor Department efforts to spur companies to make their employees savvy investors within the bounds of federal pension law.

    Baxt joins BISYS Investment

    LITTLE FALLS, N.J. - Richard Baxt joined BISYS Investment Services Group, as executive vice president of product development.

    He will direct product development to increase sales and market share of BISYS' existing bank relationships. He had been general manager of investments and insurance at First Fidelity Bank and president of First Fidelity Brokers.

    BISYS Investment Services administers, designs and distributes more than 30 families of proprietary mutual funds. The firm also provides 401(k) marketing support, administration and record keeping to 18 banks and investment managers.

    New Kemper offering

    CHICAGO - The Kemper Funds announced a new mutual fund - the Kemper Quantitative Equity Fund.

    The fund will identify mostly large-capitalization stocks selling below their intrinsic value and possessing faster earnings growth than the market average. It will be neutrally weighted to macroeconomic factors that contribute to volatility.

    The portfolio manager is Daniel J. Bukowski, senior vice president and director of quantitative research for Zurich Kemper Investments.

    In other developments, David M. Swanson rejoined Kemper as a senior vice president and director of marketing, a new position. He had been head of Kemper's shareholder marketing department when he left in 1994 to join Van Kampen Merritt.

    Christine Williamson and Vineeta Anand contributed to this column.

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    How low is low? Projections say it's not low enough
    How low is low? Projections say it's not low enough
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    Strong Demand Drivers Underpin Private Credit
    Sponsored Content: Strong Demand Drivers Underpin Private Credit

    Reader Poll

    June 6, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Nearing the finish line: Ideas on end-state investing for corporate DB plans
    The Meaning of "Portfolio Intelligence"
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Crossroads: Politics, Inflation, & Bonds
    Is there a mid-cap gap in your DC plan?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    June 20, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Retirement Income Conference
      • 2022 Managing Pension Risk & Liabilities
      • 2022 WorldPensionSummit