MFT continues to grow

Mutual Fund Technologies, the Kent, UK-based provider of transfer agency software and consulting services, has announced that its Global Fund Administration System (GFAS) platform has passed the $450 billion mark in assets under administration. A year ago GFAS passed $250 billion. In the last twelve months assets under administration have grown by over 80%. Today, GFAS supports over 10 million account holdings, 100 fund groups and 5,000 funds.