FundManager will be hosted by PFPC and accessed remotely by end clients using technology similar to that currently in use by Beauchamp's ASP version of FundManager, eFM. Users can enter trades directly or indirectly into FundManager, and view their P&L and performance reports on-line intra-day using FundManager's flexible reporting tools. FundManager will feed PFPC's back-office accounting system, as well as end clients' prime brokers, significantly simplifying workflow and enabling managers to focus on their investment activities.

Joan Kehoe, Managing Director of PFPC International said, "We selected FundManager because of its market leading position and rich functionality across a range of asset classes. FundManager will work extremely well with our modular approach to technology options and when combined with our other leading technology solutions and world class client services, we believe this will be a compelling offering to both hedge fund and traditional managers."

Clare Flynn, Beauchamp's President, said "FundManager's advanced trade processing functionality, flexible near-real-time and historical P&L reporting and multiple prime broker connectivity make it the ideal tool for bringing Straight-Through Processing home to asset managers. We are delighted to be working more closely with PFPC and furthering our capability in offering outsourced service solutions."