Mutual fund company Colonial Group Inc. has ceased marketing its Colonial Portfolio Accounting System, C/PORT, and is facing off with users over its support of the system. Customers are seeking a five-year guarantee of programming support for C/PORT, while Colonial, which uses C/PORT itself, is offering only three.
Between them, C/PORT clients manage some 10 percent of all U.S. fund assets under management. Users include $100 billion Fidelity Research & Management Co., $50 billion Franklin Re
The SEC takes a definitive stance on the status of cryptocurrencies; the idea of privacy consistently changes with the introduction of new technologies.Subscribe to Weekly Wrap emails