Kelmoore Investment Co., which manages $400 million in mutual funds and separate accounts, has moved its performance reporting to the APL service from CheckFree Investment Services, a division of CheckFree Corp. Kelmoore's aim is to better serve separately managed account sponsors, as 39 of the top 50 sponsor firms and 36 of the top SMA managers use APL.

"With automated performance reporting, we hope to save time, costs and resources," said Beth Heiman, senior executive vice president at Kelmoore. "We have a quality performance monitor for sponsor program due diligence that also meets Association for Investment Management Research compliance."

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