CGA Investment Management, Inc. to Outsource Investment Reporting With SS&C Direct.WINDSOR, Conn.--(BUSINESS WIRE)--Sept. 23, 1998--SS&C Direct(SM), a unit of SS&C Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SSNC SSNC Swedish Society for Nature Conservation (Stockholm, Sweden) SSNC Signaling System Network Control SSNC Status, Entity Data Not Consistent (Alcatel) ) announced today that it has entered into an agreement with CGA (Color/Graphics Adapter) The first video display standard for the IBM PC. This low-resolution system was superseded by EGA and then VGA. CGA required a digital RGB Color Display monitor. See PC display modes. CGA - Color Graphics Adapter Investment Management, Inc. (CGAIM), 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 . CGAIM will outsource to SS&C Direct its accounting and reporting capabilities. SS&C Direct will use CAMRA 2000(TM) and CAMRA 2000 Derivatives(TM) to process and report CGAIM's specialized investment vehicles and enhance capabilities across asset classes, including fixed-income securities Fixed-income securities Investments that have specific interest rates, such as bonds. , asset-backed, and mortgage-backed securities Mortgage-backed securities (MSBs) Securities backed by a pool of mortgage loans. for CGAIM's clients. SS&C Direct will provide to CGA Investments: --Automated receipt and daily processing of investment transactions --Processing of securities information --Investment accounting --Primary and monthly reporting --Custody bank reconciliation --Implementation support and data conversion "Our previous efforts to outsource these functions have not met our expectations. SS&C Direct has the expertise and technology that can adapt to our innovative business structure, and provides us with an efficient and cost effective solution for reporting and accounting," said James Coyle
Father James Coyle (March 23, 1873 — August 11, 1921), a Roman Catholic priest, was murdered in Birmingham, Alabama. , Controller, CGAIM. Jack Quinn, Vice President, SS&C Direct commented, "Today's investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and need to react quickly to client requests, while dealing with rapidly changing market dynamics and complex investment vehicles. SS&C Direct offers a solution to this industry, leaving asset managers to focus on their core business and their clients' needs." "SS&C Direct continues to attract sophisticated investment managers like CGA Investment Management," said William C. Stone, Chief Executive Officer at SS&C. "With multiple asset strategies employing a wide array of financial instruments, CGA presents unique accounting and reporting requirements that SS&C Direct has built over the past several years." CGA Investment Management, Inc. provides investment advice, transaction structure and advice, and arranges for the purchase, sale, or hedging of securities. The firm manages more than $1.5 billion in assets. SS&C Direct is a unit of SS&C Technologies, Inc., providing investment accounting and processing services to a number of investment managers and insurance companies. With offices in the U.S., Canada, Europe and Asia, SS&C is a leading provider of financial software solutions, services and expertise to asset managers worldwide. SS&C primarily targets its products and services to large-scale, sophisticated investment enterprises who use the trading, accounting, reporting, and analysis solutions to manage, in aggregate, more than $2 trillion in assets. Full Company information is located at www.ssctech.com. |
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