At Press Time . . . Batterymarch Financial Agrees To Buy Latest Release Of DST/Belvedere Global Portfolio System

PORTFOLIO SYSTEMS

AT Press time, news emerged that Batterymarch Financial Management Inc. had opted to buy the latest release of DST Belvedere's Global Portfolio System. According to a Batterymarch technology official, the firm selected the off-the-shelf package, because it is eager "to get out of the systems development business" and to concentrate instead on investment management. Batterymarch has some $5 billion in assets under management.

Once considered to be among the most high-tech of buy-side firms, Ba