In Portia Development Deal, Lazard Seeks APO By Year-End

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Lazard Freres and Co.'s Lazard Freres Asset Management subsidiary has agreed to serve as the development partner for Thomson Financial Services Inc. as the vendor nears releasing the much-delayed Portia APO portfolio management system. Portia APO--for Advanced Platform Option--is a Sybase Inc. database server running under Unix that's meant to support both Portia's DOS- and Microsoft Corp. Windows-based workstation software systems.

News of the formalized relationship between Lazard Asset

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