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The custodian bank is using a new instance of the SunGard-hosted platform in an effort to end the week-long pricing crisis for key mutual fund and ETF clients.
Fund custodian BNY Mellon’s net asset value (NAV) pricing crisis is at a turning point as the firm installed over the weekend a new instance of the SunGard hosted InvestOne system at the heart of the problems that have plagued the bank’s U.S.-based exchange-traded and mutual fund clients over the past week. On Tuesday, September...
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