Press Release
Lothian Pension Fund Streamlines its Investment Management Processes with Charles River IMS
January 27, 2020
London — January 27, 2020 — Lothian Pension Fund, the Edinburgh-based local government pension scheme provider, has completed the implementation of the Charles River Investment Management Solution (Charles River IMS) to help strengthen its investment processes and provide capacity for expansion of its third-party services. The investment team is using the multi-asset solution, with portfolio management as well as trade order and execution capabilities, to manage around £8.5bn of pension fund assets on behalf of over 85,000 scheme members.
“With an ambition to increase our internal investment capability and to eliminate the gap between us and the quality managers in the market, we’re strengthening a number of areas of our team and partnering with Charles River gives us access to core technology which supports our operations and compliance arrangements,” said Doug Heron, Chief Executive Officer of Lothian Pension Fund. “Charles River’s solutions provide us with the data and trading capabilities which allow us to stay up-to-date with state-of-the-art trading capabilities and remain compliant with ever-changing regulations.”
“As the pension market evolves, asset owners, such as Lothian, are seeking ways to optimise their investment strategies and better manage risk,” said Gavin Lavelle, Managing Director EMEA, Charles River. “Our front-to-back solution provides investment managers and asset owners greater operational efficiencies, encourage new opportunities for collaboration between investment professionals and deliver a single, and enterprise-wide view of portfolios and exposures.”
About Lothian Pension Fund
Lothian Pension Fund (LPF) administers the Local Government Pension Scheme (LGPS) in Edinburgh and the Lothians. It is a multi-employer scheme with more than 85,000 members and 90 employers and is the second largest LGPS fund in Scotland. LPF is unique in Scotland in holding FCA-regulated status, which allows the team to manage a large share of assets internally and to provide advisory services to third parties. For more information visit www.lpf.org.uk
About Charles River, A State Street Company
Investment firms, asset owners, wealth managers, hedge funds and insurers in more than 30 countries rely on Charles River’s front and middle office investment management platform to manage more than US$30 Trillion in assets. Together with State Street’s middle and back office capabilities, Charles River’s software technology forms the foundation of State Street Alpha℠ platform. The Charles River Investment Management Solution (Charles River IMS) is designed to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River’s growing partner ecosystem enables clients to seamlessly access external data and analytics, applications and liquidity venues that support the unique demands of their product and asset class mix. Headquartered in Burlington, Massachusetts, we serve clients globally with more than 975 employees in 11 regional offices. For more information, please visit www.crd.com. (Statistics as of October 2019)
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $32.90 trillion in assets under custody and administration and $2.95 trillion* in assets under management as of September 30, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 40,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.
*Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $44 billion as of September 30, 2019), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
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