Amvescap Considers Portia For LGT, Cost Cutting Will Drive Decision

PORTFOLIO MANAGEMENT

LONDON--Amvescap plc is considering extending the license for the Portia portfolio accounting system held by its AIM Advisors subsidiary, to LGT Asset Management, the Liechtenstein-based money manager Amvescap has announced it would acquire for $1.3 billion. The decision is being driven, at least in part, by Amvescap's desire to lower LGT's operating costs, which are higher than the industry average, according to securities analysts who follow publicly traded investment management companies.

Shor

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here