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

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

Rating:Denver Firm Signs on with Fair Pricing Service Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 21, 2003

Denver Firm Signs on with Fair Pricing Service

by: Sean Hanna, Editor in Chief

The recent scandals involving hedge funds arbitraging mutual funds has most of the industry on the run. That is leaving a handful of firms in the position of catching them. One of those beneficiaries is FT Interactive Data.

Westcore Funds is the newest client of FT Interactive Data's Fair Value Information Service. The funds are sponsored by Denver Investment Advisors. The service assists fund firms in determining fair value for securities in which current prices are unavailable or "stale" at the time of its NAV calculation.

However, in this case the fund firm was looking at using the product even before the recent scandals broke in early September. Jasper Frontz, treasurer of the Westcore Funds, said the firm had been testing and evaluating the system for "several months."

He added that the funds will adopt the system as a way to deter market-timers from exploiting the funds. Westcore offers 11 mutual funds with nearly $6 billion in assets. That lineup includes seven equity funds, three fixed income funds and a money market fund.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use