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.
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