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4-Traders Homepage  >  Equities  >  Nyse  >  DST Systems, Inc.    DST

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DST Systems, Inc. : Asset Management (USIRKS) announced that we reached a milestone in the Alternative investment space supporting over 1.5 MM accounts.

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02/06/2013 | 09:57am CET

FOR IMMEDIATE RELEASE

DST Media Relations

816.843.9087

mediarelations@dstsystems.com

DST REACHES MILESTONE IN ALTERNATIVE SPACE Solutions Provider Now Serving Over One And A Half Million Retail Accounts

KANSAS CITY, MO - February 4, 2013 - DST Systems, Inc., a global provider of solutions that process, and communicate the high-value information needed to manage life's most important business, today announced its U.S. Investment Recordkeeping solution is now supporting over

1.5 million accounts in the alternative investment space.
DST, the largest provider of third-party shareholder recordkeeping services in the mutual fund industry, also supports a full range of retail alternative investment products, including institutional and retail Hedge Funds, Closed End Interval Funds, Business Development Companies, Managed Futures, Limited Partnerships, and Non-Traded REITS.
"Companies in the financial services market have long depended on DST's industry experience,
technological expertise, and service excellence to help them grow their businesses," says Chris Shaw, Operations Officer for DST's U.S. Investment Recordkeeping unit. "This remains true in a world that is quickly embracing new forms of alternative investment products."
According to Michael Forman, CEO of Franklin Square Capital Partners, a sponsor and national distributor of innovative alternative investment products, the important DST milestone reflects increasing investor and advisor adoption of non-traditional investments.
"Alternatives have been used by institutional investors for years due to their long-term return potential and diversification benefits," says Mr. Forman. "It's clear that individual investors and their advisors are looking to these unique and powerful investments for the same reason.
In addition to its recordkeeping solutions and DTCC Alternative Investment Platform support, DST also provides innovative and commonly used distribution solutions like DST Vision, FAN Mail, and SalesConnect.
DST provides complete support for transfer agency operations with TA2000, including flexible service models with options for services and functionality designed to meet a variety of unique
business needs. For more information on the company and its U.S. Investment Recordkeeping business, visit www.dstsystems.com.

About DST Systems, Inc.

DST Systems, Inc. provides sophisticated information processing solutions and services to support the global asset management, insurance, retirement, brokerage, and healthcare industries. In addition to technology products and services, DST also provides integrated print and electronic statement and billing solutions through DST Output. DST's world-class data centers provide technology infrastructure support for financial services and healthcare companies around the globe. Headquartered in Kansas City, MO., DST is a publicly traded company on the New York Stock Exchange.

The information and comments in this press release may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors, risks, uncertainties or contingencies that could affect future actions or results, including but not limited to those set forth in DST's periodic reports (Forms 10-K or 10-Q) filed from time to time with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking statements. The Company undertakes no obligation to update any forward-looking statements in this press release to reflect future events. Brand, service or product names or marks in this press release are trademarks or service marks, registered or otherwise, of DST Systems, Inc., DST subsidiaries or affiliates, or third parties.

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Financials ($)
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EBIT 2016 264 M
Net income 2016 39,5 M
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Average target price 124 $
Spread / Average Target 13%
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Stephen C. Hooley Chairman, President & Chief Executive Officer
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