MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

Correction: The last issue of IMT erroneously reported that Blue Cross/Blue Shield of North Carolina had switched from Security Software & Consulting's mainframe-based Cims portfolio management system to Princeton Financial's Pam. BC/BS of North Carolina did indeed select Pam (see story inside), but they are installing the system in place of Interactive Computing Services Inc.'s Versadyl system.

ADP finally went official with its purchase of several of Crossmar Inc.'s foreign exchange, fixed

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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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