CI Mutual Funds Licenses PAM In Effort to Expand Its Business

FRONT PAGE NEWS

TORONTO--Seeking to address the ever-increasing demands put on its investment management operations, CI Mutual Funds has licensed PAM from Princeton Financial Systems. The system is due to be fully integrated by the first quarter of 2001.

Headquartered in Toronto, CI had used its existing accounting systems to reach over $25 billion in mutual fund assets, but the firm decided that it couldn’t expect to double the assets managed without changing the tools at hand. Until the arrival of PAM, a

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