Bisys (NYSE:BSG)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Bisys Charts. Click Here for more Bisys Charts.](/p.php?pid=staticchart&s=NY%5EBSG&p=8&t=15)
BISYS, a leading provider of outsourcing solutions for the financial
services sector, announced today that it is the mutual fund service
provider of choice for The Blue Fund Group’s
recently launched portfolios. Through its FundEnsemble™
service model, BISYS will provide turnkey administrative services,
including comprehensive treasury, board, and distribution support as
well as core fund accounting, fund administration, transfer agency, and
shareholder services.
Fred Naddaff, president of BISYS Fund Services, commented on the
partnership, “We’re
very pleased to have been instrumental in helping The Blue Fund launch
its portfolios. We look forward to a long-term partnership as its funds
gain momentum and achieve success in the marketplace. A major challenge
in establishing new funds is finding timely and cost-effective
distribution, legal, and administration support and oversight. FundEnsemble
is our turnkey solution to these challenges.”
The Blue Fund, which officially launched on October 17, consists of a
small and large cap portfolio. The fund caters to progressive
sensibilities by seeking out companies that make political donations to
Democrats. The companies are also screened for socially responsible
corporate governance. According to Mr. Daniel Adamson, president of The
Blue Fund, “We chose BISYS as our outsourcing
partner for its all-inclusive, turnkey solution, which has proven
especially beneficial in the initial phases of our fund launch. BISYS
drove the process from SEC approval to the formal launch. We feel
confident that as our fund’s asset base
increases, BISYS will have the breadth of services in place to support
our growing needs.”
The Blue Fund is the first fund launched under BISYS’
new FundEnsemble service model, which is designed to address the
needs and growth objectives of advisors of new and smaller funds. FundEnsemble
leverages BISYS’ expertise and provides
clients access to other high-end service offerings, such as BISYS’
22c-2 solution and independent educational services for board members.
FundEnsemble also supports clients of BISYS' series trust,
Coventry. Through Coventry, new funds are provided a turnkey structure,
including a board, treasurer, CCO and counsel, while sharing these
expenses with other advisors and reducing their time and cost to market.
About The Blue Fund
Blue Investment Management, LLC, headquartered in New York, is the
investment adviser to The Blue Fund, which invests in companies that
both “act blue”
and “give blue” by
demonstrating core democratic values. Companies chosen for the Fund’s
portfolio are screened for their commitment to environmental
sustainability, responsible corporate governance, respect for human
rights at home and abroad, diversity in the workforce, fair treatment of
employees, and the avoidance of products that cause great social harm,
including firearms and tobacco. The Fund was co-founded by Mr. Joseph
Andrew and Mr. Daniel de Faro Adamson. Mr. Andrew is chairman of the
board of The Blue Fund and a former National Chairman of the Democratic
National Committee. Mr. de Faro Adamson is the CEO of Blue Investment
Management and a Marshall Scholar from Oxford University. Additional
information is available at www.bluefund.com.
About BISYS Fund Services
BISYS Fund Services is an industry-leading provider of outsourcing
solutions for mutual funds, separately managed accounts, and other
investment programs, worldwide. Recognized by various industry
publications and surveys for its service excellence and compliance
focus, BISYS administers more than $400 billion in assets for
approximately 2,000 portfolios. Its core offerings include compliance
and regulatory consulting and oversight, treasury and financial
administration, broker/dealer compliance, tax and legal services, fund
accounting, distribution support, and transfer agency services.
Investment managers of all types and sizes turn to BISYS for innovative
and tailored solutions. BISYS Fund Services is a division of The BISYS
Group, Inc.’s Investment Services group.
About BISYS
The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that
enable investment firms and insurance companies to more efficiently
serve their customers, grow their businesses, and respond to evolving
regulatory requirements. Its Investment Services group provides
administration and distribution services for mutual funds, hedge funds,
private equity funds, retirement plans, separately managed accounts, and
other investment products. Through its Insurance Services group,
BISYS is the nation’s largest independent
wholesale distributor of life insurance and a leading independent
wholesale distributor of commercial property/casualty insurance,
long-term care, disability, and annuity products. Additional information
is available at www.bisys.com.
Except for the historical information contained herein, the matters
discussed in the press release are forward-looking statements within the
meaning of the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's current reasonable expectations and are subject to
certain assumptions, risks, uncertainties and changes in circumstances
due to future events as well as changes in economic, competitive,
regulatory and/or technological factors affecting BISYS’
business, including, without limitation, the ongoing government
investigations and litigations involving the company. More detailed
information about risk factors that could cause actual results to differ
materially are noted in BISYS’ periodic
filings with the Securities and Exchange Commission. These documents can
be accessed on BISYS’ website at www.bisys.com
under the “Investor Relations”
tab. Forward-looking statements are only predictions, not guarantees of
performance, and speak only as of the date they are made. BISYS
disclaims any obligation to update or amend these statements in light of
new information, future events or otherwise.
BISYS, a leading provider of outsourcing solutions for the
financial services sector, announced today that it is the mutual fund
service provider of choice for The Blue Fund Group's recently launched
portfolios. Through its FundEnsemble(TM) service model, BISYS will
provide turnkey administrative services, including comprehensive
treasury, board, and distribution support as well as core fund
accounting, fund administration, transfer agency, and shareholder
services.
Fred Naddaff, president of BISYS Fund Services, commented on the
partnership, "We're very pleased to have been instrumental in helping
The Blue Fund launch its portfolios. We look forward to a long-term
partnership as its funds gain momentum and achieve success in the
marketplace. A major challenge in establishing new funds is finding
timely and cost-effective distribution, legal, and administration
support and oversight. FundEnsemble is our turnkey solution to these
challenges."
The Blue Fund, which officially launched on October 17, consists
of a small and large cap portfolio. The fund caters to progressive
sensibilities by seeking out companies that make political donations
to Democrats. The companies are also screened for socially responsible
corporate governance. According to Mr. Daniel Adamson, president of
The Blue Fund, "We chose BISYS as our outsourcing partner for its
all-inclusive, turnkey solution, which has proven especially
beneficial in the initial phases of our fund launch. BISYS drove the
process from SEC approval to the formal launch. We feel confident that
as our fund's asset base increases, BISYS will have the breadth of
services in place to support our growing needs."
The Blue Fund is the first fund launched under BISYS' new
FundEnsemble service model, which is designed to address the needs and
growth objectives of advisors of new and smaller funds. FundEnsemble
leverages BISYS' expertise and provides clients access to other
high-end service offerings, such as BISYS' 22c-2 solution and
independent educational services for board members. FundEnsemble also
supports clients of BISYS' series trust, Coventry. Through Coventry,
new funds are provided a turnkey structure, including a board,
treasurer, CCO and counsel, while sharing these expenses with other
advisors and reducing their time and cost to market.
About The Blue Fund
Blue Investment Management, LLC, headquartered in New York, is the
investment adviser to The Blue Fund, which invests in companies that
both "act blue" and "give blue" by demonstrating core democratic
values. Companies chosen for the Fund's portfolio are screened for
their commitment to environmental sustainability, responsible
corporate governance, respect for human rights at home and abroad,
diversity in the workforce, fair treatment of employees, and the
avoidance of products that cause great social harm, including firearms
and tobacco. The Fund was co-founded by Mr. Joseph Andrew and Mr.
Daniel de Faro Adamson. Mr. Andrew is chairman of the board of The
Blue Fund and a former National Chairman of the Democratic National
Committee. Mr. de Faro Adamson is the CEO of Blue Investment
Management and a Marshall Scholar from Oxford University. Additional
information is available at www.bluefund.com.
About BISYS Fund Services
BISYS Fund Services is an industry-leading provider of outsourcing
solutions for mutual funds, separately managed accounts, and other
investment programs, worldwide. Recognized by various industry
publications and surveys for its service excellence and compliance
focus, BISYS administers more than $400 billion in assets for
approximately 2,000 portfolios. Its core offerings include compliance
and regulatory consulting and oversight, treasury and financial
administration, broker/dealer compliance, tax and legal services, fund
accounting, distribution support, and transfer agency services.
Investment managers of all types and sizes turn to BISYS for
innovative and tailored solutions. BISYS Fund Services is a division
of The BISYS Group, Inc.'s Investment Services group.
About BISYS
The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions
that enable investment firms and insurance companies to more
efficiently serve their customers, grow their businesses, and respond
to evolving regulatory requirements. Its Investment Services group
provides administration and distribution services for mutual funds,
hedge funds, private equity funds, retirement plans, separately
managed accounts, and other investment products. Through its Insurance
Services group, BISYS is the nation's largest independent wholesale
distributor of life insurance and a leading independent wholesale
distributor of commercial property/casualty insurance, long-term care,
disability, and annuity products. Additional information is available
at www.bisys.com.
Except for the historical information contained herein, the
matters discussed in the press release are forward-looking statements
within the meaning of the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on management's current reasonable expectations
and are subject to certain assumptions, risks, uncertainties and
changes in circumstances due to future events as well as changes in
economic, competitive, regulatory and/or technological factors
affecting BISYS' business, including, without limitation, the ongoing
government investigations and litigations involving the company. More
detailed information about risk factors that could cause actual
results to differ materially are noted in BISYS' periodic filings with
the Securities and Exchange Commission. These documents can be
accessed on BISYS' website at www.bisys.com under the "Investor
Relations" tab. Forward-looking statements are only predictions, not
guarantees of performance, and speak only as of the date they are
made. BISYS disclaims any obligation to update or amend these
statements in light of new information, future events or otherwise.