Conseco Scraps APL Service Bureau In Favor Of Turnkey Advent Packages

PORTFOLIO MANAGEMENT

CARMEL, Ind.-- Conseco Capital Management, the $35 billion investment management division of Conseco Insurance, has gone live on Advent Software's Office for its $600 million equity portfolio. The installation will replace a service bureau Conseco had with Checkfree's APL package for 10 employees, including four portfolio managers and two traders, on the equity side of the company's business.Conseco is installing Advent's Axys portfolio management system, Moxy trade order management system a