Villanova Capital, the mutual fund unit of Nationwide Financial Services Inc., said it plans to use Bisys Fund Services for fund administration. Villanova, based in Philadelphia, has handled the back-office services in- house. Using Bisys would let the group focus on asset management and keep costs down through economies of scale, a Nationwide spokesman said.

Nationwide plans to increase the assets managed by the group from $20 billion to $50 billion by the end of 2002 through acquisitions and by creating more funds, the spokesman said.

In February, Nationwide announced that it would integrate its mutual fund operations into Villanova, which is headed by former Fidelity president Paul Hondros. Bisys Fund Services is a subsidiary of Bisys Group Inc. of Little Falls, N.J.

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