NEW YORK - Despite fund companies facing myriad challenges, there's actually good news to report, said Avi Nachmany, director of research at Strategic Insight, a research and consulting firm in New York City, speaking at a media conference sponsored by The Enterprise Group of Funds of Atlanta.

Nachmany said that equity funds may be down, but they are definitely not out, and that separately managed accounts, registered hedge fund-of-funds and exchange-traded funds have not materialized as the fierce asset-cannibalizing products fund companies had feared.

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