Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Turner Taps New Back Office Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, November 20, 2002

Turner Taps New Back Office

by: Sean Hanna, Editor in Chief

Turner Funds has tapped PFPC Trust Company for custody services and trade settlement, safekeeping and other securities processing services, according to the firm. Turner Funds group offers 23 equity and fixed-income mutual funds, as well as Alpha Select Trust, a registered investment company subadvised by Turner Investment Partners. The deal brings PFPC $2.5 billion in assets from Turner.

The fund firm did not identify the previous provider of these services.

PFPC will also provide accounting and administration, transfer agency and custody services for the Westlakes Institutional Portfolios, a startup group of fixed-income funds for institutional investors.

"This new relationship with PFPC fits our growth strategy as we add new funds and diversify our business lines," said John Grady, chief operating officer of Turner Investment Partners and executive vice president of its fund groups. "PFPC offers best-in-class technology and something more a dedicated service team that responds to all of our processing needs. This is not an 800-number environment but a group that knows our business and will review all aspects of custody, including trade settlement, overdrafts, short-term cash and operations issues." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use