Capital Retains Andersen To Build Management System, Shuns Own

FRONT PAGE

Capital Group has abandoned efforts to implement a homegrown portfolio management and trust accounting system, sources say, and has instead hired Andersen Consulting Inc. to build a system from scratch.

Los Angeles-based Capital Group had planned to begin testing its Spark II mutual fund and trust accounting system later this year (IMT, Feb. 21). But a team of Andersen consultants has concluded that the system is inadequate to meet Capital Group's needs. The firm runs about 40 mutual funds

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: