Hyperion Capital Management Inc. is conducting evaluations of portfolio management and accounting systems to manage its $4 billion in assets. The firm is looking to replace its current system, Princeton Financial Systems Inc.'s Pam for Securities, which was installed in August of 1992.
Hyperion assistant vice president Phil Karp confirms that a systems switch is imminent but declines to comment further. However, sources say the firm has been dissatisfied with Pam's capabilities in several are
IBM makes headway with blockchain and encryption services; the FCA's Stephen Hanks says firms need to make decisions about their ARMs and APA providers soon.Subscribe to Weekly Wrap emails