Texas School Fund Taps ADP; Eyes P'folio Analysis Systems

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Austin-based Texas Permanent School Fund, the largest public-school endowment in the U.S. with $11 billion under management, has chosen ADP's FS Partner for Windows to complement the fund's Bloomberg L.P. and Dow Jones Telerate Matrix terminals. But Texas Permanent has yet to settle on an equity portfolio analysis system to install alongside its fixed-income portfolio analysis system, Capital Management Sciences Inc.'s Bondedge.

According to Ken Turlington, equity trader and analyst at Texas

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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