PIMCO Advisors Take One-Stop Solution From Advent; And Merrin For Front End

PORTFOLIO MANAGEMENT

SAN FRANCISCO--Two divisions of PIMCO Advisors -- Oppenheimer capital and PIMCO Equity Advisors -- are deploying Advent Software’s Advent Office product suite for their front, middle and back office fund-management systems.

PIMCO’s decision to take the Advent solution to replace two existing systems, Thomson’s Portia and Saratoga system’s CRM product, is part of a growing trend towards asset managers adopting software from a single vendor.

Ken Poovey, Chief Executive Officer of Oppenheimer

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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