The recent merger of New England Life Insurance Co.'s investment management arm with mutual fund partnership Reich & Tang L.P. creates one of the nation's largest management institutions. It also creates an opportunity for systems reevaluation. Currently, Reich & Tang uses Integrated Decisions Systems Inc.'s Investment Manager II to manage its $8.7 billion of funds, which could swell to $59 billion after the merger. One Reich & Tang source says: "The finalization of the deal is at least four

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