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Asset Management

02:09 PM
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New study shows lack of integrated solutions at asset-management firms; MassMutual Asia Ltd. has opted to implement WealthSuite Mutual Funds; DST International's HiOrders to link to Liquidnet.

Less than 40 percent of asset managers have fully integrated solutions, according to a recent asset-management-market survey. The international survey of more than 100 investment-management companies, pension funds, insurance companies, mutual-fund managers and private banks, was commissioned by Sophia Antipolis, France-based Trema, a strategic-software-solution provider. Trema's findings note that despite low adoption, more than 60 percent desire automated systems to address operational-risk and automation issues. In addition, almost 60 percent of Trema's survey respondents said that improving investment analysis and decision making are important business drivers.

MassMutual Asia Ltd., the Asian operation of MassMutual Financial Group, has opted to implement WealthSuite Mutual Funds from Asia Financial Network. MassMutual Asia will tap into the software suite for its new fund-distribution-processing system. The suite provides functions for the firm's wealth-management services and order-processing operations. In addition, MassMutual Asia's sister company, OppenheimerFunds (Asia) Ltd, will implement AFN's WealthSuite.

DST International, based in Surrey, United Kingdom, and New York City-based Liquidnet have recently formed an alliance to link systems. DSTi HiOrders users will gain access to from their order-management systems to the institutional alternative-trading system. Liquidnet allows buy-side firms to bypass exchanges for large blocks of stock.

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