IN BRIEF

Lend Lease Houlihan Rovers SA (LLHR), a Brussels-based fund manager, has licensed Princeton Financial's online investment management system, ePAM. LLHR will be using ePAM initially to manage portfolios of European real estate equities and cash investments via the Internet. The firm has licensed a totally front- to back-office solution that includes PAM for Mutual Funds investment management system and several front-office modules including the FrontLine Suite for trade order management, the Import Module for lading transactions, security master file data and market data, and PAM Custodian Trade Notification. LLHR went with the ePAM solution because it helps reduce operational costs by outsourcing the technical responsibilities to Princeton.

Banco Bilbao Vizcaya (BBV), based in Grand Cayman, has signed with Global Investment Systems (GIS) for MSHARE 2.0, the latest version of GIS' shareholder record-keeping and accounting system. The initial installation of MSHARE will be at BBV's Grand Cayman-based subsidiary, Banco Bilbao Vizcaya American Fund Managers, for use as their transfer agency system. BBV is a current user of GIS' MFACT mutual fund accounting and administration system

SS&C Technologies has released LMS 2000 Version 3.0, a loan origination, servicing and asset management system, as well as SS&C Debt and Derivatives 2000 version 7.2. The latest release of LMS 2000 is Web-enabled, and includes new functionality such as enhanced escrow processing, pro-forma operating statements and external associated debt. The newest version of SS&C Debt and Derivatives incorporates Financial Accounting Standard No. 133 (FAS 133) for derivatives accounting and reporting. These standards, released June 15, must be implemented by the end of 2000 by firms holding derivative instruments.

Anteon-CITI, a provider of criminal investigation technology, is involved in the FBI's investigation of the $21 million Philip Harmon investment and health insurance scam. Harmon and his associates had assembled an array of over 100 different bank accounts and numerous corporations, trusts and partnerships to effect a Ponzi-style investment fraud as well as a healthcare scam conducted over a number of years. Many of the victims in this case were members of the Religious Society of Friends, or Quakers. The FBI is using Anteon-CTI's BankTran product to identify the flow of money.