Comerica Institutional Trust Selects Forum Financial Group to Provide Offshore Fund Administration.Business Editors PORTLAND, Maine--(BUSINESS WIRE)--January 7, 2003 Forum Selected to Provide Comerica's Offshore Fund Administration Forum Financial Group, a leading global service provider to the investment fund industry, announced today that it commenced servicing operations for three offshore funds sponsored by Comerica Institutional Trust as of the New Year. Forum is providing a complete fund administration solution, including fund accounting, transfer agency and corporate secretarial services for the equity, fixed-income and money market funds. David Goldstein David Goldstein is a radio talk show host and blogger in Seattle, Washington. He hosts "The David Goldstein Show" on Saturdays and Sundays on 710 KIRO. Goldstein first gained notoriety in 2003 for Initiative 831, which would have officially proclaimed Washington State political , Director, Business Development at Forum, noted, "to better serve Comerica, Forum is providing daily fund accounting from our headquarters in Portland Maine, where daily fund processing is the norm. The integration of our services from both Portland and Bermuda allows us to service clients like Comerica in the most efficient and effective manner with no client impact." Ede Conyers, General Manager of Forum Fund Services in Bermuda comments, "Comerica's choice of Forum for their offshore fund administration is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. , and we are pleased to be recognized by Comerica as a versatile provider uniquely qualified to service their diversified diversified (di·verˑ·s needs." About Forum Financial Group Forum Financial Group is a leading service provider to the global mutual fund, hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and offshore fund industries. From its operation centers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Poland and Bermuda, Forum provides comprehensive administration, distribution, fund and partnership accounting, transfer agency, shareholder services and custody for all types of pooled investment vehicles. Forum's domestic operations are headquartered in Portland Maine, and Forum services over $121 billion in fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. . For more information, visit www.forum-financial.com. |
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