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Posted on: Aug. 27, 2015, 6:56 p.m.
More headaches for the funds industry. A technical malfunction at Bank of New York Mellon is hitting the pricing mechanism that calculates and disseminates net asset values for some mutual and exchange-traded funds. The Wall Street Journal is reporting that Bank of New York, which serves as a custodian for fund companies, started having trouble […] Full investment news article