Waddell & Reed rolls out Charles River IMS

Kansas-based Waddell & Reed Investment Management Comp-any and its affiliates with $70 billion under management has selected the Charles River Investment Management System (Charles River IMS) to provide it (Waddell & Reed) with a new portfolio management system for its equity, fixed income, and foreign exchange operations. According to Charles River, the investment manager will benefit from extensive portfolio management tools, streamlined trade order management, and real-time compliance tes