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IJG adopts Fundamental to manage investment portfolios


Johannesburg, 08 Nov 2003

Irwin, Jacobs, Green (IJG Money Market (Pty) Ltd), one of Namibia's leading financial services boutiques, has deployed Fundamental Software's advanced portfolio management system throughout its investment operations.

Fundamental enables both private client and institutional wealth managers to manage investment portfolios and client relationships with ease, while minimising associated administrative and routine processing tasks.

Craig Arenhold, MD of Fundamental, says IJG was looking for a customisable, simple product to facilitate the running of their business, which specializes in stockbroking, corporate finance, project finance and private equity investments and also offers institutional and private clients a range of money market services.

"The company needed the product to be flexible and easy to use. Because they operate from a remote basis, on-site support would be too costly.

Fundamental was chosen because it is an extremely cost-effective solution and offers a full front-to-back offering, saving the company from the expensive exercise of adding extra solutions at a later stage. Also, because IJG operates in the money market, stringent money market conditions had to be met. Fundamental Software is unique in that it has a full institutional money market offering," explains Arenhold.

The contract with IJG is Fundamental's first step towards establishing an international presence. "The relationship has proved we can manage clients remotely very successfully," says Arenhold. Fundamental aims to expand existing business in Namibia and is looking at potential markets both locally and in the Northern Hemisphere.

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Editorial contacts

Bronwyn Harries-Jones
Smartsource Holdings
(021) 779 4220
BronwynH@smart-source.net