Back-office service provider BISYS announced Monday it has been awarded an outsourcing contract with portfolio manager Icon Advisers, under which BISYS will provide fund accounting, financial administration, legal, compliance and regulatory services.

Icon, a Denver-based value shop, formerly known as Meridian Investment Management, has about $3.6 billion in assets. BISYS will provide administration for the company's mutual fund unit ICON Funds, which includes 17 actively managed funds with $2.7 billion in assets.

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