PASADENA, Calif. - Staff of the $18 billion Los Angeles County Retirement Association used executive information and consulting software to help identify money manager candidates for a $400 million equity allocation.
The system is searching for at least one growth equity manager. To speed up the search, the staff used Compass, a PC-based product of Wilshire Associates, Santa Monica, Calif.
Compass combines databases and investment technology to assist sponsors in developing investment policies, monitoring investment programs and implementing investment strategies.
The staff combined information from Compass with information from its general pension consultant Frank Russell Co., Tacoma, Wash.
About 22 active money managers were identified. The fund is looking over 11 that have the highest five-year performance records.
Pension fund executives' use of databases is becoming more common, the executives say.
BLOOMFIELD, Conn. - Securities Software Consulting recently added 13 new clients with nearly $130 billion in assets for its CAMRA (Complete Asset Management, Reporting and Accounting) for Windows software.
The new clients are: Van Kampen American Capital Inc., Oakbrook Terrace, Ill.; Jackson National Life Insurance Co., Lansing, Mich.; Mutual Insurance Co. of New York; MBL Life Assurance Corp., Newark, N.J.; Federal Home Loan Bank of Topeka (Kan.); Employers Reinsurance Corp./Frankona, Munich, Germany; NISA Investment Advisors L.L.C., Clayton, Mo.; Unitrin Inc., Chicago; AFLAC, Columbus, Ga.; Commercial Union of Canada Holdings Ltd., Toronto; MAIC Holdings Inc., Birmingham, Ala.; Mutual Insurance Co. of Arizona, Phoenix; and GIBC Insurance, Toronto.
SS&C added 55 new CAMRA for Windows clients in 1995 with aggregate investment assets of $300 billion, according to SS&C officials.
For more information, contact Peg Berry at SS&C (860) 769-4020.
NEW YORK - Cramer Rosenthal McGlynn, a New York money management firm, has a new portfolio management accounting system: Security APL's PORTVUE.
The firm manages approximately $1.3 billion in equity funds, $400 million in fixed income and $100 million in hedge funds.
"With substantial growth of the firm, we found that our previous system lacked sufficient flexibility," said Gene Trainor, senior vice president and chief financial officer at Cramer Rosenthal McGlynn.
"PORTVUE offers us a flexible, feature-rich service that includes client reporting, real-time trading functionality and performance measurement and a proven record of support," said Mr. Trainor.
Approximately 30 people at Cramer Rosenthal McGlynn will use the PORTVUE system daily for marketing, operations, analysis, trading and portfolio management.
Security APL, Jersey City, N.J., makes portfolio management, performance measurement, trading and reporting systems.