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Princeton Teams with Alphai

Princeton Financial forming alliance with Alphai to extend measurement and attribution.

Princeton Financial has formed a strategic alliance with Sydney, Australia-based Alphai to extend the company's performance measurement and attribution services to Princeton clients. Princeton Financial will provide clients with access to Alphai's MAX Performance System as an application service provider (ASP) offering to its ePAM and traditional PAM portfolio-management-system clients.

"The alliance of Princeton Financial and Alpha further solidifies our commitment to providing investment managers with robust straight-through processing solutions," says Jim Mayhall, executive vice president of Princeton Financial. "Our clients now have access to advanced performance measurement and attribution capabilities that will significantly enhance their investment management operations." The application will be hosted in Princeton Financial's New Jersey data center. The MAX system provides calculation, analysis and reporting of performance and attribution of global or domestic investment portfolios.

In addition, ABP Investments U.S. Inc. has implemented Princeton Financial's newly released Electronic Pool Notification (EPN) Interface. ABP Investments is the U.S. subsidiary of Netherlands-based Stichting Pensioenfonds ABP. The automated message-based interface will allow ABP to achieve straight-through processing of TBA (To Be Announced) mortgage-backed securities through Princeton Financial's PAM software. More specifically, EPN is an electronic communication network allowing participants to transmit and retrieve mortgage-backed security pool information through standardized message formats.

Princeton Financial worked with input from ABP U.S. and development assistance from NewtonPartners Inc. to deploy the EPN Interface. ABP U.S. previously processed TBA pool allocations manually and believes it can reduce its processing by 75 percent with the EPN Interface. "The EPN interface has significantly reduced our processing time and increased our capacity to handle more volume," says Jeanine Presa, senior vice president of operations for ABP U.S. "It adds controls to our workflow and enables timely settlement between our custodian and our brokers."

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