MANAGEMENT BRIEFS

Stop Press: Gerald Mintz, head of sales and marketing at EJV Partners L.P., left his post today after two years with the vendor. According to an EJV spokesperson, Mintz's departure was the result of a long-standing "inability to agree" on certain policy issues with EJV president Bruce Peterson. The spokesperson says the two executives set plans for Mintz's departure late last year, in a mutual and amicable fashion.

The EJV spokesperson declines to comment on specific points of contention between Mintz and Peterson. But other sources say that it was no secret to EJV insiders that two men's personal and management styles did not mesh.

With Mintz gone, the spokesperson says, the EJV's sales and marketing staff will report directly to Peterson. The vendor employs three marketing staff and six sales staff.

According to the spokesperson, the EJV has not yet decided whether to seek an outsider to replace Mintz or to promote from within. She says Mintz has not yet decided where he will next be employed.

The New York office of Financial Models Co. has moved to a larger suite at 477 Madison to make room for new staff in its portfolio management, international trade, data communications and market data services departments. Michael Smith, general manager of FM, says without a tinge of sadness, "That's the price of success."

Also on the move is Rescom. The Canadian vendor of portfolio management software last month occupied new offices in New York and Toronto, as well as a new head office building in Winnipeg.

Princeton Financial Systems Inc. recently unveiled PAM for Mutual Funds, a new mutual fund module of its Portfolio Accounting & Management (PAM) system. The software firm will finish beta testing PAM for Mutual Funds by the middle of this year. It is pitching the software at mutual fund companies and insurance companies with mutual fund portfolios. PAM for Mutual Funds has been installed at Farm Bureau Life Insurance Inc., which will use the software for its 15 mutual funds with $115 million in assets (IMT, Oct. 16).

Results from a November survey of 256 investment firms show the investment community sees the future in Windows. The Microsoft Corp. operating system has outpaced UNIX, OS/2 and DOS in users' estimation, according to the survey, which was conducted by Thomson Financial Services Inc.'s Investment Software Division. Half of the respondents planned on changing their predominant operating environment within two years; of those 64 percent said Microsoft Windows would be their next platform; 23 percent said they'd pick OS/2; 17 percent opted for UNIX; and paltry 2 percent said DOS.