Boutique funds manager Parker Asset Management yesterday confirmed it would take up Garradin investment administration modelling and compliance software, replacing modules provided by Financial Simplicity.
The agreement means that Garradin will supply Parker with back, mid and front-office investment administration software: the modeling and compliance modules would merge with back and mid-office system Garradin Portfolio, which is already used by Parker, Garradin chief executive officer, Stephen Bowhill, said. Bowhill said the combined system would enable “straight-through” transactions, including portfolio modeling, broker management (including pre-trade compliance and tax screening), taxation processes and reporting. Parker, which is still using Financial Simplicity software, would not confirm when the additional modules would go live.
01/05/2007
office, taxation, garradin, modules, simplicity, bowhill, through:, modeling, compliance, software, “straight, transactions
Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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