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10 Things…directors should take away from the BNY Mellon pricing glitch


In late August, BNY Mellon Corp. experienced a computer glitch that delayed net asset value calculations for more than 1,000 U.S. mutual funds and exchange-traded funds. The issue lasted for days and was caused by a breakdown of the SunGard accounting system on which BNY Mellon relies to generate funds’ NAVs. ... Log in to view full article.