Ark Asset Management Deploys Eagle's Portfolio Management and Investment Accounting Solution; Eagle's Leading-Edge Technology Positions Ark for Future Growth.Business Editors BOSTON--(BUSINESS WIRE)--May 6, 2003 Eagle Investment Systems Corp. today announced that Ark Asset Management Company, a leading investment management firm serving the institutional marketplace, has gone live with the Eagle suite. Eagle channel partner, i x Partners managed the system implementation project. In support of its internal infrastructure overhaul, Ark selected Eagle's solutions to help automate its portfolio management, performance, and accounting systems on a single platform. Key to their decision was the flexibility and scalability of the Eagle suite. Ark has implemented Eagle's Web-based solutions, Eagle PACE(TM), a data hub and portfolio management system, along with Eagle's performance measurement and attribution module, and the Eagle STAR(R) investment accounting system. "Our goal was to implement a portfolio management and investment accounting system that would serve our immediate needs, but more importantly would position us for the future," said Paul Cucurullo, Ark's CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. . "To accomplish this, we needed an integrated, highly scalable, functionally-rich solution built on advanced technology - Eagle was the only vendor that met all these requirements. The technology, coupled with, i x Partners' systems and business expertise, helped us to achieve a smooth and successful implementation." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mary Korb, i x Partners' managing director, "We believe Ark will have a strong market advantage by leveraging Eagle's robust technology. Eagle's solution enables Ark to streamline their investment procedures and dramatically decrease manual processes and system redundancies resulting in decreased operational costs." "Ark joins Eagle's growing list of leading investment managers to be fully operational on the Eagle suite and realize the benefits of a truly integrated portfolio management, performance measurement, and accounting system," said Jack Riley For the ice hockey player, see . Jack Riley (born December 30, 1935) is an American comedic actor probably most recognizable as the irascible Elliot Carlin from Bob Newhart's 1970s TV sitcom, The Bob Newhart Show, and as the voice of Stu Pickles in Rugrats. , Eagle's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Choosing Eagle's technology serves as testament to Ark's innovative and forward-looking investment approach." About Ark Asset Management Company Ark is an independent, employee-owned investment management firm. Ark offers six equity investment strategies and various fixed income strategies, which may be used in combination to satisfy a fund's varying investment needs. For more information about Ark, please visit www.the-ark.com. About i x Partners i x Partners is a technology and content integration firm that helps companies develop faster, more effective ways to deliver critical business information to their customers, employees, and partners. For more information about i x Partners, please contact Joe DeMartino at 516.775.2596 or joe.demartino@ixpartners.com. About Eagle Investment Systems Eagle, a Mellon Financial  This article or section may contain a proseline.Please help [ convert this timeline] into prose or, if necessary, a . Company(SM), is a global provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. technology. Eagle's Web-based systems automate internal systems to support STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. requirements of money managers, mutual funds, hedge funds, brokers, plan sponsors, banks, corporate trusts, and insurance companies. Eagle provides solutions for portfolio management, investment accounting, performance measurement, attribution, AIMR/GIPS compliance, reporting, messaging, reference data management, and outsourcing. To learn more about Eagle's solutions, contact us at 1.800.810.3819 or sales@eagleinvsys.com or visit www.eagleinvsys.com. About Mellon Financial Corporation Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. services and treasury services Treasury services is a function of an investment bank which provides transaction, investment and information services for chief financial officers, treasurers. Treasury services concentrates and invests client money, and provides trade finance and logistics solutions as well as . Mellon has approximately $2.9 trillion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , administration or custody, including $566 billion under management. Its asset management companies include The Dreyfus Corporation Dreyfus Corporation is a leading mutual fund financial firm founded in 1951. It is an industry leader having been the first to advertise to consumers, and create a high yield fund. Though it has its main office in New York City, it is a subsidiary of Pittsburgh based Mellon Financial. and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at www.mellon.com. |
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