Looking Beyond Insurers, Princeton Wins Western Asset

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AFTER an unsuccessful attempt to roll its own portfolio management system, Pasadena, Calif.-based Western Asset Management Co.--with some $13 billion under management--opted to buy both Princeton Financial Systems Inc.'s Pam for Securities and Pam for Mutual Funds. In a decision finalized on Dec. 30, the Dos-based Pam systems beat out Securities Software & Consulting Inc.'s Complete Asset Management Reporting and Accounting (Camra) system and Integrated Decision Systems Inc.'s Investment Ma