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Asset Management

04:54 PM
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Principal Global Investors opts for CheckFree for separately managed accounts; New Frontier Advisors enhances asset-allocation software; GIS acquires hedge-fund and alternative-investment-software company.

Principal Global Investors, a Des Moines, Iowa-based asset manager specializing in equities, fixed income and real-estate investments, is implementing CheckFree APL to provide managed accounts for its high-net-worth investors. The platform, from Jersey City, N.J.-based CheckFree Investments, offers trading, portfolio-accounting, reporting and performance measurement. Principal Global Investors is currently participating in two managed-account sponsor programs.

New Frontier Advisors has released the newest version of its patented portfolio-optimization technology. The Boston-based asset-management vendor has added enhancements its asset-allocation software that include an enterprise-integration capability and customized reporting. In addition, the desktop suite includes standardized-file layouts in XML. The suite also includes technology enhancements, tax-handling additions, increased user options and financial planning additions.

Global Investment Systems, a Hackensack, N.J.-based accounting software vendor, has acquired FutureFirst Software. The acquisition of the Chicago-based company will give GIS solutions to expand to the hedge-fund and alternative-investment marketplace. GIS has added software suites include MHedge and MPartner, to provide functionality for partnership accounting and tax reporting, as well as managed-futures-fund and fund-of-funds accounting.

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