Babson & Co. Taps ITS To Replace EPVS and Portia; High Volume Major Factor


CAMBRIDGE, Mass.-based David L. Babson & Co.--with some $5.5 billion in assets under management--recently began its installation of ITS Associates Inc.'s Portfolio Management Information System (PMIS). The firm launched its search for a new system at the end of 1993 to replace not one, but two outdated portfolio management systems. PMIS will eventually supplant Computer Aided Decisions Inc.'s Expanded Portfolio Valuation System (EPVS) and Thomson Financial Services Inc.'s Portia. Both Computer

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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