MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, December 14, 2010 A Fund Vendor Trumpets the Growth in its Mutual Fund Biz Executives at Nottingham Investment Administration said Tuesday that the number of mutual funds on their platform "more than tripled" this year.
Nottingham also provides services for hedge funds, foundations, stable value and collective trusts, among others. "For some years, we didn't have a significant number of advisors contacting us about starting a mutual fund," said Nottingham founder and CEO Kip Meadows, adding that there was more interest on the hedge fund space. But after 2008, with factors such as the financial crisis and Bernie Madoff, "we've seen a switch. Advisors are now saying they want to start a mutual fund instead," he said. Overall, Nottingham saw a 64-percent jump in new business this year and a 15-percent increase in assets under administration, to more than $25 billion, according to the press release. The firm added more than a dozen employees to its payroll this year. It now employs 53 people. Right now, Nottingham is looking to hire two more and could add between four and eight people next year depending on how things go. Printed from: MFWire.com/story.asp?s=35403 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |
