One Year Ago…

Salomon Smith Barney's equity prime brokerage unit licensed Advent Software's Geneva system for portfolio accounting for its hedge fund clients. The system was to be used to maintain the books and records for funds that use Salomon's prime brokerage unit as their primary execution agent, according to Sal Campo, a managing director at Salomon. Campo was unable to provide an exact number of clients, portfolios or total assets that will be managed with the system, although he said that

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