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 |
|
Thursday, January 13, 2005 A Fund Upstart Choosing the Outsourcing Route Twenty-four fund family Constellation Funds has signed a deal with SEI Investments to outsource its fund accounting and sub-administration services, the companies announced in a release. The move "enables us to concentrate on distribution and fund management. Particularly for a relatively new firm like ours, that focus is vital," said John Grady, president and CEO of Constellation Funds. The fund group has approximately $2.3 billion in assets under management under nine subadvisors. The firm was created through a spin-off of 12 Turner Investment Partners funds in 2004, and has been on an acquisition spree, snapping up funds from the Pitcairn family and the J.J.B. Hilliard, W.L. Lyons'families. Printed from: MFWire.com/story.asp?s=8811 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |