CDC Manages Domestic Funds With Pam, Will Switch Offshore Funds Next Year

PORTFOLIO MANAGEMENT

CDC North America--the $14 billion asset management arm of French bank Caisse Des Depots--is installing a pair of portfolio management and accounting systems from Princeton Financial Systems. CDC officials bought the client/server systems after they determined that their existing outsourcing contract no longer met their needs.

Initially, CDC will use Pam's securities and mutual fund management systems to support $7 billion of its domestic assets. Another $7 billion of assets domiciled in the

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