Thomson's Asset Backed Group Unveils Almont Portfolio System For Mortgage-Backeds, CMOs

PORTFOLIO SYSTEMS

Thomson Financial Services Inc.'s Asset Backed Securities Group (ABSG) has released a new portfolio management system, the Almont Portfolio Manager (APM). ABSG claims the portfolio accounting system, which makes use of the group's pools of asset- and mortgage-backed securities, is the first of its kind in the fixed-income market.

APM appears to complement Thomson's existing Portia portfolio management system. The product is targeted at the investment accounting departments of regional banks

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