CLS has its 10 core funds live on the platform, with more to come in the future.
Third-party money manager CLS Investments is now live on Charles River Development's Investment Management Solution (IMS) for equity and fixed income portfolio management. CLS will also use the platform for compliance, and trading and order management. Integrated electronic trading via FIX is provided through the Charles River Network, according to the vendor.
CLS's 10 core funds are currently live, with plans for adding the firm's variable annuity sub accounts and a recently-acquired money market fund soon to come, says Jim Anderson, chief operating officer for CLS.
"With these varied business lines, we need to operate efficiently in order to compete with other asset management firms in this difficult economic environment," Anderson says. "Charles River IMS provides the automation and complete audit trail we need to handle increasing numbers of portfolios, higher trade volumes and greater regulatory scrutiny. With Charles River's application management and hosting service, we only pay for the resources we need, and we can immediately increase capacity as we grow. This gives us complete asset coverage in a scalable solution."
More from Buy Side Technology
Updating your subscription status
Winner's Announced: Buy-Side Technology Awards 2015
The winners of the 9th annual Buy-Side Technology Awards 2015 were announced in London on November 6, recognizing the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology. To view the winners across the 31 categories click here.
02 Dec 2015
07 Dec 2015
18 Feb 2016
05 Apr 2016
Download whitepaper for FREE Solving issues relating to data quality and timeliness should be the top priority for an industry-led reference data utility,...
Download whitepaper for FREE Public cloud has grown exponentially in recent years in sectors such as telecoms, the media, health industry and insurance,...