NU Online News Service, June 17, 11:45 a.m. – Financial Interactive Inc., San Francisco, a company that develops fund administration systems, has licensed its FundRunner Suite software to Lighthouse Partners L.L.C., Palm Beach Gardens, Fla., and Lyster Watson & Company, New York.
Both companies manage "funds of funds," which spread assets among money managers with a wide range of investment strategies.
The fund companies will be using the Financial Interactive software to handle tasks such as managing client correspondence, Financial Interactive says.
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