Amalgamated Bank of New York Selects Thomson Investment Software's PERAscope for Performance Measurement.BOSTON--(BUSINESS WIRE)--March 10, 1999-- Cites Product's Functionality, AIMR-PPS(TM) Compliance Tools and Customer Service as Key Reasons for Decision Amalgamated a·mal·ga·mate v. a·mal·ga·mat·ed, a·mal·ga·mat·ing, a·mal·ga·mates v.tr. 1. To combine into a unified or integrated whole; unite. See Synonyms at mix. 2. Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. has selected PERAscope(R), from Thomson Investment Software (TIS), to support the performance measurement of 320 portfolios, representing nearly $5 billion in assets. Terms of the agreement were not disclosed. Amalgamated will use PERAscope to measure time- and dollar-weighted returns from the total fund level to the individual security level, with an unlimited number of user-defined segments. PERAscope will also help them analyze the effects of asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and comply with the Association of Investment Management Research's Performance Presentation Standards(TM) (AIMR-PPS), according to Ted Brunner, First Vice President at Amalgamated. "We selected PERAscope for its functionality. It was important for us to find a system that only did performance and out of the half dozen we reviewed, we didn't find another system that was comparable," says Brunner. Amalgamated will install the PERAscope software at its site, but the solution is also available through PERAsource(TM), a complete service bureau. Through PERAsource, specially trained performance experts work with clients to define segmentation schemes and tolerance checks based on their unique needs. The Amalgamated Bank of New York, founded in 1923 by the Amalgamated Clothing Workers of America The Amalgamated Clothing Workers of America was a United States labor union known for its support for "social unionism" and progressive political causes. Led by Sidney Hillman for its first thirty years, it helped found the Congress of Industrial Organizations. , is a privately held, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State chartered commercial bank. Today, as a result of a merger in 1995 between Amalgamated Clothing & Textile Workers and the International Ladies Garment Workers Union International Ladies Garment Workers Union (ILGWU), former U.S. labor union formed in 1900 by the amalgamation of seven local unions. At the turn of the century most of the workers in the garment industry were Jewish immigrants, whose attempts at organization were , the Bank is wholly owned by the Union of Needle Trades Industrial and Textile Employees (UNITE!). The bank has provided investment advisory, custodial, and benefit remittance services for Taft-Hartley and public sector employee benefit trusts since 1963. Thomson Investment Software (TIS) provides premier software products and consulting services that enhance and streamline the entire trading and investment management process. An industry leader for more than a decade, TIS offers flexible, workflow solutions that leverage advanced and proven technologies, enabling over 600 clients worldwide to achieve their business goals. Thomson Investment Software is a division of Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings Services (TFS TFS The Forum Site (online forum) TFS Team Foundation Server (Microsoft Visual Source Safe) TFS Toyota Financial Services TFS Thanks for Sharing TFS Tactical Fighter Squadron TFS Three-Five Systems Inc. ). Thomson Financial Services (TFS) is a leading provider of information services and work solutions to the worldwide financial community. TFS employs more than 8,000 people in more than 40 locations and is part of The Thomson Corporation (TTC TTC Trying To Conceive TTC Toronto Transit Commission TTC Trans Texas Corridor TTC Toutes Taxes Comprises (French) TTC Trident Technical College (North Charleston, SC) TTC Temporary Traffic Control ). With annual revenues approaching US$6 billion, TTC is one of the world's leading information and publishing companies. TTC's common shares are traded on the Toronto, Montreal and London stock exchanges. For more information, visit the TFS Web site at www.tfn.com. For more information about Thomson Investment Software, call them at 617.856.2700 or visit their new site on the Web, www.thomsoninvestment.com. PERAscope staff members are available to speak with the press about trends in performance measurement and investment technology. Call 617.856.2013 to arrange an interview. |
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