BOSTON - Baring Asset Management, Boston, has installed Shaw On-Site, a real-time portfolio management and double-entry accounting system for its London, Boston, Tokyo and Hong Kong offices.
Baring's installation is the first commercial application that has unified geographically dispersed offices in different markets on a common portfolio system, said William Burnett, chairman of Shaw Data Services, New York.
"Having developed a sophisticated set of global decision support systems for our fund managers, we needed a comprehensive accounting package to supply them with consistent data," said Wendy Steel, information technology director at BAM. "Shaw On-Site is the final piece of the jigsaw puzzle, enabling us to mirror effectively BAM's business operation."
"As a single accounting system for all institutional funds, Shaw On-Site fits well into Baring Asset Management's global applications architecture, thus helping to provide BAM fund managers with a single picture of investments worldwide," said David Lee, vice president of portfolio accounting of BAM.
Shaw On-Site offers sophisticated fixed, derivative and equity functions needed by U.S. money managers, and multi-currency capabilities needed by global money managers. It can be operated on a client-server network.
For further information, contact Jack McGowan at (212) 682-8877.
CEDAR RAPIDS, Iowa - AEGEON USA Investment Management, Cedar Rapids, recently switched its portfolio management and accounting software to Security APL's PORTVUE service to manage $500 million in customized accounts.
AEGEON had been using Advent, including AXYS, portfolio accounting software for about 10 years.
"We needed to make a change because our previous system could not keep up with our growth, and managing our accounts was becoming increasingly cumbersome,,' said Michael Van Meter, senior vice president at AEGEON USA. "We began looking for a trading system to interface with our portfolio management system, but we discovered that by working with Security APL, we could solve two problems at once.
"At this stage of our growth it is particularly attractive that, with PORTVUE, we are buying a service and not just an off-the-shelf software product," he said. "Through visits to other Security APL clients, we became very impressed with the company's clear commitment to providing superior service and its tremendous track record with customers."
AEGEON USA manages $25 billion in securities-based assets for parent AEGEON USA Inc.
More information can be obtained by contacting Ken Bachulis at Security APL at (617) 261-5300, ext. 13.
CHICAGO - Kemper Asset Management Co., Chicago, selected CAMRA for Windows to assist with its investment accounting and reporting for 80 institutional clients. The asset management, reporting and accounting system is made by Securities Software & Consulting Inc., Bloomfield, Conn.
For information on CAMRA, contact Peg Hargrave of SS&C at (860) 769-4020.