Global Investment Announces Mfact Enhancements

FUND ACCOUNTING

HACKENSACK, N.J.--Global Investment Systems has released a new version of its mutual fund accounting and pension fund accounting and administration system, Mfact 7.0.

Peter Muldoon, director of client and technical services, says the new release includes enhancements to meet the tax accounting and reporting requirements of the recent amendments to the Securities Act of 1933 and the Investment Company Act of 1940.

At the heart of the amendments are new regulations that call for mutual funds to

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