Legg Mason Capital Management Chooses LatentZero's Capstone
New York, Toronto, London, 16th August 2005 - LatentZero announced today that Legg Mason Capital Management (LMCM), a subsidiary of Legg Mason, Inc., has selected LatentZero's complete software suite, Capstone, to run the front-office.
By choosing Capstone, LMCM, with more than $51 billion AUM at June 30, 2005, will be able to take advantage of: Sentinel, LatentZero's pre-and post-trade investment compliance solution; Minerva, its order management and trading system; and Tesseract, LatentZero's portfolio analysis, scenario modeling and order generation product.
LMCM's decision followed a rigorous review process. "We looked at a number of leading vendors, initially searching for pre- and post-trade compliance software that would integrate easily with our existing systems," said Drew Bowden, LMCM's Chief Operating Officer. "After visiting a number of LatentZero's sites and speaking with several existing users, we concluded not only that LatentZero's compliance tool, Sentinel, was just what we needed in terms of functionality and performance, but also that we would get the best result using LatentZero's complete buy-side offering. In addition to the technology, we felt extremely comfortable with LatentZero's whole approach. The team was candid, responsive, and highly professional - the kind of people with whom we like to do business."
Dan Watkins, CEO North America, of LatentZero welcomed the LMCM win, commenting, "LatentZero's Capstone suite is built on open, flexible, future-proof technology. All the modules are reliable, scalable, easy to implement and integrate well with legacy systems, which makes Capstone highly attractive for asset managers of all sizes. Furthermore, LatentZero's technology is coupled with a team of people who are continually building on their reputation for excellence."
About Legg Mason Capital Management
LMCM provides investment advisory services to domestic and international clients, including mutual funds, corporations and corporate retirement plans, insurance companies, public funds, charitable organizations and endowments, and government entities.
LatentZero is a global technology firm that specializes in developing complete front-office solutions for the buy-side community. LatentZero's suite of products, known collectively as Capstone, is used by six of the world's top 10 asset management organizations. More than 3,500 portfolio mangers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $7.5 trillion. For additional information, please visit www.latentzero.com