Mainstay Funds Chooses Pam Ditches Ten-Year-Old DOS Platform

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New York Life's Mainstay Fund group, which has $19 billion in assets under management, will begin installing Princeton Financial Systems' Pam portfolio accounting system for mutual funds by the end of November. The installation will cover 50 to 55 users of the accounting department's Microsoft Windows NT network and should be completed by early 1998.

Mainstay selected Pam after sizing it up against competing offerings from Sungard Asset Management of Malvern, PA, Global Investment Systems of

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