Latest Portfolio management News: Finextra Research

BNP Paribas sets up Indian BPO joint venture

BNP Paribas Securities Services is to set up a back office processing joint venture in India with Sundaram Business Services, the business process outsourcing arm of financial conglomerate Sundaram Finance.

06 November 2008

News/Portfolio management

RiskMetrics acquires UK outfit Applied4 Technology

New York financial analytics firm RiskMetrics Group has bought UK-based Applied4 Technology - a specialist provider of performance attribution software and services - for an undisclosed sum.

06 October 2008

News/Portfolio management

Statpro warns of trouble ahead

Statpro, an AIM-listed supplier of portfolio analytics software for fund managers, has posted a 45% drop in pre-tax profit for the first half of the year and is warning of a "worsening in trading conditions in the second half".

04 August 2008

News/Portfolio management

Lab49 develops portfolio management application for iPhone

Technology consultancy Lab49 has launched a real-time portfolio management application designed specifically for the Apple iPhone.

04 August 2008

News/Portfolio management

Markit buys JPMorgan loan software unit

London-based financial information vendor Markit has signed a deal to acquire FCS, a unit of JPMorgan Chase that provides portfolio and risk management software to syndicated loan market participants. Financial terms of the deal were not disclosed.

28 July 2008

News/Portfolio management

Private equity firm Fusion AI buys Tiger Consultants

Fusion Alternative Investment Partners (Fusion AI), a private investment firm specialising in technology and services, has acquired UK-based Tiger Consultants, a specialist consulting practice dedicated to the investment management industry.

17 April 2008

News/Portfolio management

Wall Street Systems signs Central Bank of Nigeria

Central Bank of Nigeria (CBN) is implementing technology from trading and treasury systems vendor Wall Street Systems to automate its reserve management processes.

11 March 2008

News/Portfolio management

SunGard buys Advanced Portfolio Technologies

SunGard has acquired Advanced Portfolio Technologies (APT), a New York-based provider of risk management and portfolio optimisation software to asset managers, hedge funds, pension funds, broker/dealers and proprietary traders.

06 March 2008

News/Portfolio management

StatPro buys Performa Consultants UK

AIM-listed StatPro has acquired Performa Consultants UK, a provider of compliance software to asset managers, in a cash and stock deal worth around £7 million.

21 February 2008

News/Portfolio management

Advent Software reports Bear Stearns deal

US investment bank Bear Stearns is rolling out Advent Software's portfolio management and fund accounting platform Geneva across its prime brokerage operations.

06 February 2008

News/Portfolio management

Fidelity Investments spends $50m on integrated advisor platform

US mutual fund manager Fidelity Investments says it is investing $50 million in the development of a Web-based wealth management platform, called WealthCentral, which will integrate the most critical operational systems for registered investment advisors.

24 October 2007

News/Portfolio management

StatPro reports H1 profit jump; buys Canada's Initram Data

AIM-listed StatPro Group, a provider of performance measurement software for asset managers, is reporting a doubling of pre-tax profit for the first half of the year. The London-based vendor also says it has acquired Montreal-based Initram Data for a total cash consideration of £1.41 million.

30 July 2007

News/Portfolio management

Almost a third of private banks lack back-office automation

Sponsored research has identified a lack of automated post-trade management among Europe's private banking community. The survey by Scorpio Partnership has revealed 30% of private banks continue to manually operate trade execution, confirmation and affirmation.

12 March 2007

News/Portfolio management

StatPro slips on profit shortfall

Shares in AIM-listed StatPro have slumped in morning trading after the vendor said full year profit had fallen 31% after restrucuring charges ate into earnings.

12 March 2007

News/Portfolio management

Hansabank signs for Financial Objects wealth management products

UK banking systems vendor Financial Objects has signed Baltic banking group Hansabank to its activebank wealth management technology.

19 February 2007

News/Portfolio management

Thomson Financial buys eXimius unit from Business Architects

Thomson Financial has acquired eXimius, an investment and wealth management platform developed by Belgium-based Business Architects. Financial terms of the deal were not disclosed.

16 February 2007

News/Portfolio management

Lloyds TSB implements Odyssey technology for investment management platform

UK-based Lloyds TSB is implementing portfolio rebalancing and order management technology from Odyssey Financial Technologies to underpin a new Web-based investment management platform.

15 January 2007

News/Portfolio management

RBC Capital Markets acquires New York broker dealer Carlin

RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group, has completed the acqusition of Carlin Financial Group, a New-York-based broker dealer that provides proprietary services and technology to hedge funds, professional traders and financial institutions.

05 January 2007

News/Portfolio management

SunGard buys Integrated Business Systems

SunGard has acquired Integrated Business Systems Incorporated (IBSI), a New York-based provider of software services to hedge funds. Financial terms of the deal were not disclosed.

22 November 2006

News/Portfolio management

StatPro to buy Canada's FRI Corporation

StatPro, an AIM-listed supplier of portfolio analytics software for fund managers, has signed a contract to acquire FRI Corporation, a Canadian provider of portfolio management technology, for a total consideration of £25 million.

27 September 2006