South Carolina Office of the Treasury, Columbia, will install the QED IMS-2000 portfolio management and investment accounting system next month to manage $23 billion in combined treasury and state pension assets. The South Carolina State Retirement System has $19 billion in assets.
The QED system supports treasury management and portfolio accounting. The software will allow treasury officials to measure and monitor investment performance and compliance while tracking investments and transactions.
The state has been using an internally designed system installed in 1987.
Bradford F. Lewis, portfolio manager of the Fidelity Disciplined Equity and Fidelity Stock Selector funds, is retiring May 1 after 15 years with the firm.
He will be replaced by three people. Steven J. Snider, an equity analyst at Fidelity since 1992, was named manager of the Disciplined Equity Fund. Bobby F. Kuo, who joined Fidelity’s quantitative equity group in 1994, will manage the Stock Selector Fund. Bart A. Grenier, who joined the firm as an equity research analyst, will lead Fidelity’s quantitative equity group.
