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Asset Management

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Investment Technology Newsflashes

HighMark Funds renews asset-management solutions with SEI Investments; Dutch asset manager opts for operations from SimCorp.; ABN Amro selects outsourcing services from BoNY.

HighMark Funds, which are offered through the Union Bank of California, has opted to stay with SEI Investments, an Oaks, Penn.-based asset-management-solutions provider. SEI will provide HighMark with services for fund accounting, administration and distribution. In addition to the services that SEI already was providing, HighMark will also be using the vendor's Web-enabling technology.

Dutch asset manager Interpolis Pensioenen has decided to go with SimCorp, a Copenhagen-based solutions provider, for its portfolio and investment-management solution. The SimCorp Dimension investment-management system will replace various current applications at the firm.

ABN Amro Investment Fund Services will be using investment-manager outsourcing services from Bank of New York for its managed-account business. The business, called BNY SmartSource, will provide ABN Amro with trade support, model and rotation management, account maintenance, investment accounting, reconciliation, AIMR-compliant performance-measurement and billing. BoNY will also supply the technology infrastructure to support ABN Amro's managed-accounts business.

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