Aetna Institutional Unit Installs Pam To Manage $13 Billion Portfolio

PORTFOLIO MANAGEMENT

HARTFORD, Connecticut--Aeltus Investment Management, the money management arm of Aetna Insurance Co., has licensed Princeton Financial Systems' Pam to manage its $13 billion institutional portfolio. By the end of this year, two modules of the system will be handling the accounting for Aeltus' 120 domestic institutional clients, and next year, the system will be processing some 35 international clients.

Aeltus' installation of Pam will replace the Maximis investment accounting system, which

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