Institutional manager WEDGE Capital Management
picked CheckFree Investment Services'
APL-MSP platform for its multiple strategy portfolio product, the firm announced on Monday.
"With APL-MSP, we can trade a particular security in a targeted style without affecting that same security in other styles… APL-MSP tool tags the specific holding at the tax-lot level, giving us the flexibility…to effect our investment decisions," said Brad Horstmann
, executive vice president of WEDGE Capital Management.
WEDGE Capital Management has $4.1 billion in assets under management; 97 percent is invested for institutional clients.
APL-MSP, which is UNIX-based, was introduced in 2002.
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