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Asset Management

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Ariel Capital Management, Inc. selects the MFTP to automate its equity trading; NorthRoad Capital Management LLC runs its approximately 1,000 separately managed accounts on CheckFree APL; ADVISORport and PFPC launch Nationwide Financial's The BEST of AMERICA Advisory Services Program.

Macgregor, a provider of buy-side trade-order-management systems and FIX-network services, announced that Ariel Capital Management, Inc. has selected the Macgregor Financial Trading Platform (MFTP) to automate its equity trading. Ariel Capital Management chose the Portfolio Management, Compliance and Macgregor FIX Network components of MFTP. The system will be deployed to 10 users.

CheckFree Investment Services announced that NorthRoad Capital Management LLC, a New York-based international and global-value investment manager, is running its approximately 1,000 separately managed accounts on CheckFree APL. CheckFree Investment Services is a provider of outsourced trading, portfolio management, accounting and reporting services to broker/dealers and money managers in separately managed accounts.

ADVISORport and PFPC announced that they have launched Nationwide Financial's The BEST of AMERICA Advisory Services Program on their fee-based platform. The private-labeled ADVISORport/PFPC platform, offered through Nationwide Investment Services Corporation, a registered investment adviser, will be distributed through Nationwide's The BEST of AMERICA wholesaler network to financial-planning firms, banks, CPA firms and Nationwide Provident agents.

Interface Software announced that Oaktree Capital Management, LLC, has selected InterAction 5 to support the firm's strategic CRM initiative. Oaktree is a 255-person asset-management firm based in Los Angeles with offices in New York, London, Singapore and Tokyo. The firm will deploy InterAction 5 to provide sales support to itsmarketing and client-relations efforts.

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Top Quotes of the Week
Top Quotes of the Week
It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.