News

Optima Fund Management Launches First Fund-Of-Funds

Optima Fund Management has launched the Optima Absolute Return Fund Limited with investor seed capital of $10 million. The multi strategy fund of funds has started trading with thirteen managers using seven different strategies, including global macro, fixed income relative

Microgen Software Approved For BACS Connections

Microgen plc said today that its Bacway IP software has been approved under the rules of the BACS Approved Software Service. Microgen's software is now authorised to fully utilise all the benefits of electronic funds transfer via BACSTEL IP, the

SmartStream Expands Its Northern European Sales Team

SmartStream Technologies has added Adam Phillips and Max Illis to its Nothern Eurpean sales force. Both will report to Pasquale Gizzi, Head of Pre Sales for Northern Europe, and will focus on seling SmartStream's market leading Transaction Lifecycle Managementm (TLM)

Revenue Up But Profits Down At BNP Paribas In Q1

BNP Paribas today announced Euros 4,513 million in net banking income, Euros 1,656 million in gross operating income. Net banking income (EUR 4,513 million) and gross operating income (1,656 million) were close to their level in the first quarter of

CSC Signs $80 Million IT Outsourcing Deal With Danish Insurer Tryg

Computer Sciences Corporation (NYSE CSC) has signed a five year, $80 million information technology (IT) outsourcing agreement with Tryg, the largest insurance company in Denmark. CSC will provide mainframe, midrange, desktop, web hosting, print and distributed computing infrastructure services, as

Den Norske Bank Has Steady First Quarter

Den norske Bank, the leading custodian bank in Norway, today announced pre tax operating profits before losses of NOK 1 047 million in the first quarter of the year, slightly down on earnings in the same period last year (NOK