MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

ADVENT SOFTWARE

Advent Software has announced that it has filed a registration statement with the Securities and Exchange Commission for the proposed public offering of 2,500,000 shares of common stock. The company intends to sell 2,300,000 shares in the offering, and the balance of shares will be sold by a selling stockholder. The offering will be managed by Credit Suisse First Boston, JP Morgan Securities, Goldman Sachs and Lehman Brothers.

Advent intends to use the net proceeds from its sale of

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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