European investment manager F&C Management Limited (F&C) is rolling out technology from UK-based Cafit to support its fixed income operations in London and Amsterdam.
F&C will deploy Cafit's FIPA front office software across 30 desktops by the end of the year. FIPA has been developed specifically for fixed income and currency fund managers and provides asset allocation, portfolio modelling and trade generation.
Helene Williamson, F&C's head of group fixed income, says the firm was looking for a specialist fixed income platform that could handle multiple portfolios and deliver derivatives functionality. The Cafit package was selected after a market-wide evaluation and from a shortlist of five products.
"We are confident that CAfIT will provide our portfolio managers with the tools they need to operate more efficiently, providing them with the platform from which to make more ambitious investment decisions, supported by accurate risk measurement and an efficient operational base," says Williamson.
Cafit says its fixed income software is also used by Gartmore Investment Management, Standard Life Investments, Schroder Investment Management and Credit Suisse Asset Management.