The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Three More Managers Tap CheckFree APL Not Rated 3.7 Email Routing List Email & Route  Print Print
Tuesday, April 01, 2003

Three More Managers Tap CheckFree APL

by: Ki Kim

CheckFree Investment Services today said that three new managers added to Merrill Lynch’s Consults Diversified Portfolios (CDP) roster are using CheckFree APL’s multiple strategy portfolio (MSP) functionality.

Merrill Lynch unveiled CDP last year and earlier this month, the firm added three new outside managers to its diversified CDP roster: PIMCO Advisors, CDC IXIS Asset Management Advisors Group and AIM-INVESCO.

“Multiple strategy portfolios continue to evolve, and CheckFree has supported the progression of each MSP generation,” said Alex Marasco, CheckFree Investment Services executive vice president and general manager.

First generation MSP resides with sponsors, while second generation involves a sponsor aligning with a single asset manager that trades the account, and provides all of the strategies. Third generation involves the sponsor partnering with several asset managers. Fourth generation resembles the third, except that the strategy allocation for each client can be changed dynamically.

“Clients who desired this level of diversification within a privately managed account prior to the launch of CDP, would have needed at least four to five individual Consults accounts to match the benefits and style diversification of a single Consults Diversified Portfolio,” said Curt Overway, senior vice president, CDC IXIS Asset Management Advisors Group. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use