Princeton Financial Systems Ranked #1 Mutual Fund
2.08.1999, 20:37
System Provider for the Second Year in a Row PRINCETON, N.J., USA (PROTEXT) - For the second year in a row,Princeton Financial Systems has been ranked the number-one mutualfund System Provider in Securities Data Publishing's annual FundAccounting Service Guide. Formerly published by Dalbar, the FundAccounting Service Guide is the preeminent directory forinformation and rankings of fund accounting service providers inthe US. Princeton Financial, with its PAM for Mutual Funds fundaccounting system, achieved the top ranking in four differentSystem Provider categories: -- #1 in total '40 Act mutual fund assets under managementwith
over $194 billion now being managed by PAM for MutualFunds,
a 50% increase over last year. -- #1 in total number of '40 Act funds with 664, a 56%increase. -- #1 in total fund assets under management with nearly $300
billion, an 88% increase. This includes '40 Act funds, Non-US
funds, and other funds that strike a NAV such as insurance
company separate accounts. -- #1 in total number of funds that strike a NAV with 1,459,
an 83% increase. In adition to its four first place rankings, PrincetonFinancial Systems ranked second in both total assets and numberof funds in the Non-US funds category. Brian Madocks, President of North American Operations atPrinceton Financial Systems, said, "I would like to thank all ofthe companies that selected PAM for Mutual Funds over the pastseveral years who have permitted us to achieve this ranking forthe second consecutive year. The mutual fund market is a keycomponent of our future growth and we remain committed to expandour presence. When we look at the trends that have emerged overthe past two years, it is clear that clients prefer a trueWindows-based client-server solution with proven capability." PAM for Mutual Funds is a client-server Windows NT-basedapplication. It fully supports the entire range of mutual fundportfolios, including multi-class funds, multi-currencysecurities, equities, fixed income, derivatives, and more.Premier fund companies such as Lord Abbett, INVESCO, MainStayFunds, EquitiLink, First Investors and others have licensed theproduct. Princeton Financial Systems, Inc., an independent subsidiaryof State Street, is the leading provider of client/server-basedportfolio accounting and management systems for institutionalinvestors worldwide. PAM investment systems are used by more than300 investment managers, mutual funds/unit trusts, insurancecompanies, pension funds and banks. The company is headquarteredin Princeton, NJ, USA with offices throughout the United Statesand in London, Sydney, Toronto, Brussels, and Frankfurt. Moreinformation about Princeton Financial Systems can be found on theInternet at http://www.pfs.com. ots Original Text Service:Princeton Financial Systems, Inc. Internet:http://www.newsaktuell.de Contact: UK - Paul Watthey, (UK) +44-1753-831001, or pwhatthey@pfs.co.uk, or Gordon Gacek, (USA) 609-987-2400 or ggacek@pfs.com, both of Princeton Financial SystemsWeb site: http://www.pfs.com
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