Asset Management

02:30 PM
Tim Clark
Tim Clark
News
Connect Directly
RSS
E-Mail
50%
50%

U.S. Bancorp Fund Services Deploys Mutual Fund Tool

By Tim Clark, Wall Street & Technology Eagle Investment Systems, a Mellon Financial Company, recently announced that U.S. Bancorp Fund Services (USBFS), a subsidiary of U.S. Bancorp, the 6th largest financial holding company in the United States, has selected Eagle STAR to support its mutual fund accounting and reporting needs.

By Tim Clark, Wall Street & Technology

Eagle Investment Systems, a Mellon Financial Company, recently announced that U.S. Bancorp Fund Services (USBFS), a subsidiary of U.S. Bancorp, the 6th largest financial holding company in the United States, has selected Eagle STAR to support its mutual fund accounting and reporting needs.Eagle STAR is a Web-based investment accounting system that supports multiple lines of business including mutual funds, insurance, institutional asset management, hedge funds and brokerage/wealth management on a single platform. USBFS decided to extend its relationship with Eagle, which began in 2005, after successfully implementing Eagle PACE, a data hub and portfolio management solution, and Eagle Portal, an interactive information delivery platform for the Web.

"Eagle is the only firm offering a fully integrated accounting and data warehouse system on new technology, enabling us to further enhance our operational efficiencies," said Joe Redwine, president of USBFS. Headquartered in Milwaukee since 1969, USBFS currently provides services to 270 fund families, with over 1,500 portfolios and 2,000 fund classes and administers 3.3 million shareholder accounts with $608 billion in client assets.

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
Top Quotes of the Week
Top Quotes of the Week
It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.