Cypress Acquires North American Funds.BOSTON--(BUSINESS WIRE)--Cypress Holding Co. (Cypress Cypress, city, United States Cypress (sī`prəs), city (1990 pop. 42,655), Orange co., S Calif. near Long Beach; inc. 1956. Forest Lawn–Cypress, a branch of the famous cemetery in Glendale, Calif. ) is pleased to announce that effective Oct. 1, 1997, its mutual fund affiliate, CypressTree Investments Inc. has acquired the advisory and distribution contracts for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Funds from North American Security Life Insurance Co. (NASL NASL North American Soccer League (1967-1984) NASL Nessus Attack Scripting Language NASL North Alabama Soccer League NASL Naval Air Station Lemoore NASL Name, Age, Sex, Location NASL Naval Applied Science Laboratory ). Wood Logan Associates will continue to serve as promotional agent in the marketing and sale of fund shares. Cypress' strategy is to continue to market the funds to the brokerage and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against communities while expanding distribution in the bank channel. "The acquisition of the North American Funds provides a perfect platform on which to build our mutual fund strategy," said Joe Grause, executive vice president of Cypress Holding Co. "Through acquisition, new product development and innovative sales and marketing programs, we're confident that we can grow the funds to new levels, while continuing to offer competitive products and high quality services to shareholders." "CypressTree will continue to enhance the North American Funds by adding attractive new funds and investment managers to complement our multi-manager product line," commented Brad Gallagher, president of Cypress Holding Co. "In addition to adding products, we're currently considering other acquisitions that will further enhance the North American Funds offering." Cypress Holding Company was founded in 1995 to build highly competitive and complementary investment management, mutual fund and marketing organizations offering performance-driven products, national distribution programs and high-quality services. Including the North American Funds, Cypress Holding Co.'s assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. exceed $1.5 billion. CypressTree Investments was formed in 1996 to acquire, advise and distribute mutual funds. Cypress is privately owned and has partnered with Berkshire Berkshire (bärk`shĭr, –shər, bûrk`–) or Berks (bärks, bûrks), former county, S central England. Partners, a Boston-Based private equity investor with over $750 million in equity capital under management, and Standish, Ayer & Wood, an investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and based in Boston with over $30 billion in assets under management. CONTACT: Cypress Holding Co. Joe Grause, 617/210-4510 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion