Norway's Folketrygdfondet Selects Charles River

Folketrygdfondet, the fund manager in charge of the Norwegian Government Pension Fund and Bond Fund, has chosen the Charles River Investment Management Sysytem (IMS) for its outsourced operations.
The managed services solution provides for portfolio management, compliance, and trade and order management. It includes software-as-a-service provision and data management, backed up by datacenters in Europe and North America. Folketrygdfondet will utilize the IMS across its equities, foreign exchange, fixed income, derivatives and money markets.
Jon Steward, managing director, EMEA, at Charles River Development, says Charles River will handle the overall hosting and management of the IMS, including FIX administration and connectivity.
Folketrygdfondet manages assets totalling 133.7 billion krone ( approximately $23.3 billion) in the pension fund, and capital of 50 billion krone (approximately $8.7 billion) for the bond fund.
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