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INVESTMENT-TECHNOLOGY NEWSFLASHES

Graham Capital Management licenses product for hedge-fund operations; Asset manager chooses fund-management and client-management solutions.

American Century Investment Management, a Kansas City, Mo.-based buy-side firm with $83 billion in assets, has agreed to license Sentinel. The compliance application comes from LatentZero, a front-office systems vendor based in London. American Century, which has trading desks in Kansas City, New York and Mountainview, Calif., will use Sentinel as a pre- and post-trade compliance solution for domestic as well as international equities and fixed-income securities. The firm will also tap into LatentZero's Professional Services to help with the implementation of the solution. According to a statement from American Century's Keith Kinart, vice president of investment-management technology, the firm opted to LatentZero for the solution's robust functionality and technical architecture. In addition, Kinart says that the firm plans to use Sentinel's Web-based reporting functionality.

New York City-based Altair Investments NA, has opted to implement Indata I.M.S. for Windows. The solution, from San Diego-based Indata, will offer the start-up asset manager the ability to use one platform to perform portfolio modeling, pre-trade compliance, trading, custom reporting and customer-relationship management.

New Star Asset Management, a U.K.-based fund manager, has implemented the Web-based research and analytical application from New York City-based Thomson Financial, called Thomson One Analytics. New Star will use Thomson One Analytics as a real-time workflow system that monitors markets, portfolios and securities. In addition, the system offers features such as Excel add-in.

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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.