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In Brief

Netherlands-based Stichting Pensioenfonds ABP, the world's largest pension fund with US $165 billion under management, has licensed Princeton Financial Systems' PAM investment management system. PAM will replace two different systems - an internally developed one for fixed income securities and SS&C Technologies' CAMRA for equities. PAM will be used in the firm's Heerlen, Netherlands headquarters as well as office in Amsterdam and New York. Stichting has also licensed Princeton's FrontLine Suite for straight-through processing. PAM will be used as the central book of records to consolidate all investment activity in the firm's various offices around the world.

ClientXchange, a client relationship management (CRM) software provider for the financial services industry, and Carleton Corp., a developer of customer data management solutions, have agreed to create a single end-to-end CRM solution. The partnership joins capabilities that specifically address the client, portfolio and market needs of brokers firms, banks and institutional investment companies. The combination of ClientXchange's Front-Office Solutions and Carleton's Pure-View will allow both money managers and brokers to maintain better client relationships.

Affiliate Managers Group (AMG), an asset management holding company, reported that diluted earnings per share for the third quarter were $.45, a 50% increase over diluted earnings per share for the third quarter of 1998. For the nine months ended Sept. 30, 1999, net income was $27.5 million, or $1.22 per share, on revenues of $232.1 million.

Frank J. Fabozzi, Inc. and the Information Management Network are holding the third annual Institutional Investment Management Summit: Opportunities in Global Investing on Nov. 17-20 at the Biscayne Bay Marriot Resort in Miami, Fla. Conference sessions will include: global investing, diversification and risk management; how global investments fit into the asset allocation framework; global investment management strategies; and, enhanced indexing strategies. The keynote address is to be given by Henry Kissinger, 56th Secretary of State. For more information, go to www.imn.org.

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