Oregon State Treasury Goes Live with Eagle PACE; Fast Implementation Has Oregon on Track for Data Management and Reporting Needs.
Business Editors/High-Tech Writers
BOSTON--(BUSINESS WIRE)--Feb. 18, 2003
Eagle Investment Systems Corp. today announced that the Oregon State Treasury has deployed Eagle PACE(TM), Eagle's portfolio management solution, to help manage its $44 billion in assets.
Eagle PACE, which went live in early January, allows Oregon State Treasury to capture investment accounting data provided by its custodian, enhancing its reporting capabilities without the need to duplicate accounting. By using Eagle's software, Oregon State Treasury has automated reconciliation to its custodian and can facilitate the generation and distribution of day-to-day reporting, as well as provide historical investment information to both its internal and external customers. Oregon StateTreasury manages state funds, local government excess cash and retirement funds.
In support of its investment accounting redesign project, the Oregon State Treasury chose Eagle PACE(TM), a Web-based data hub and portfolio management system; Eagle Portal, a solution for simple retrieval of real-time investment data through Web and wireless devices; and Eagle Trade Hub, a straight-through link between front-office trading systems and custodians and clearing houses. InvestTech Systems Consulting managed the system implementation project. The implementation team included resources from Oregon State Treasury, Eagle Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , and InvestTech.
"We chose Eagle because of its successful track record working with public sector clients, and its reputation for completing implementations on time," said Sally Furze furze, any plant of the genus Ulex of the family Leguminosae (pulse family), low, densely branched shrubs with spiny leaves (when present) and fragrant yellow blossoms. U. , controller, Oregon State Treasury. "Eagle certainly upheld their end of the agreement, and we are pleased to be using Eagle PACE."
"Oregon State Treasury is forward thinking in terms of technology, and Eagle's solutions position it to meet its objectives," 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. , 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. of Eagle Investment Systems. "By using Eagle PACE, Oregon Treasury can take control of its investment data, easily link to external data sources, and run customized reports specific to their needs."
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 email@example.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 affluent 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 $581 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at www.mellon.com.
About Oregon State Treasury
The Oregon State Treasury is led by the State Treasurer, Randall Edwards, who is a constitutional officer and statewide elected official. The State Treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of state money. The Treasurer serves a four-year term and, if re-elected, may hold the position for two terms.
The Oregon State Treasury has a wide range of financial responsibilities, including managing the state's pension fund, issuing all state debt, and serving as the central bank for state agencies. The Treasury is managed like a business, striving to save the taxpayer's money by earning the highest risk-adjusted return Risk-Adjusted Return
A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating.
This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. on funds invested. Additional information about Oregon State Treasury can be found at www.ost.state.or.us.