PFPC includes Beauchamp product in outsourcing solution

FundManager will be hosted by PFPC and accessed remotely by end clients using technology similar to that currently in use by Beauchamp’s ASP version of FundManager, eFM. Users can enter trades directly or indirectly into FundManager, and view their P&L and performance reports on-line intra-day using FundManager’s flexible reporting tools.

FundManager will feed PFPC’s back-office accounting system, as well as end clients’ prime brokers, significantly simplifying workflow and enabling managers to focus on their investment activities.

Joan Kehoe, Managing Director of PFPC International said: "We selected FundManager because of its market leading position and rich functionality across a range of asset classes. FundManager will work extremely well with our modular approach to technology options and when combined with our other leading technology solutions and world class client services, we believe this will be a compelling offering to both hedge fund and traditional managers".

Background Note: Founded in 1997, Beauchamp Financial Technology (BFT) builds, markets and supports trading and portfolio management software products for alternative investment managers. Its flagship product, FundManager, has gained over 140 clients in three years, and helps manage more than USD 45 billion in assets under management. The software suite spans all stages of the trade life cycle from order management through custody and settlement. BFT operates from offices in London, New York and Hong Kong.

PFPC is a leading provider of processing, technology and business solutions to the global investment industry. PFPC supports a global client base from offices in the United States and Europe, offering fund accounting and administration, transfer agency, custody and subaccounting services for USD 1.7 trillion in total assets and 55 million shareholder accounts, each as of March 31, 2004.