Pierson Trust (Curacao) N.V. has inked a five-year contract with Global Investment Systems Ltd. for its Mfact fund accounting system. The Curacao office broke its three-year-old practice of signing up for a unit license and opted instead for a site license. Robert Chin, Pierson's manager of mutual fund administration in Curacao, describes the mutual fund accounting and administration system as "one of the few systems able to administer mortgage-backed securities mutual funds and derivatives of

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