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ARK Funds might make another outsourcing-provider change, its second in a year. The M&T Bank purchase of ARK Funds owner Allfirst Financial and potential consolidation with the bank's VISION Funds would spur the switch. ARK contracted Forum Financial Group as back-office provider in January.
M&T Bank has used an outsourcing setup of Federated Investors for transfer agency and State Street Corp. for fund accounting for the $3.1 billion VISION Funds. An industry...





