Charles River Development Selected to Automate Investment Management Operations for KD Funds LLC (KD Skladi)
Integrated platform to support leading Central and Eastern European asset manager’s regional requirements
Boston, Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo — November 3, 2009 — Charles River Development (Charles River), a front- and middle-office software solutions provider for investment firms, today announced that KD Funds LLC (KD Skladi), one of the largest privately-owned asset managers in Central and Eastern Europe, has selected the Charles River Investment Management System (Charles River IMS) to automate its investment operations. KD Funds’ users will benefit from extensive portfolio management, order management and real-time compliance monitoring on a single, consolidated platform.
“KD Funds is a progressive company that is expanding rapidly,” said Louise Chatwood, Member of the Board, KD Funds LLC. “We serve individual and institutional investors across Southern and Eastern Europe, and have broad requirements to meet their needs. Charles River IMS will clearly support our future demands and expansion.”
“KD Funds is one of the most innovative asset managers in Slovenia, creating many investment ‘firsts’ for the region,” said Jon Steward, Managing Director, EMEA, Charles River Development. “Because they manage both Slovenia’s oldest mutual fund and newly developed funds, Charles River IMS will help them address firm mandates, as well as those of Eastern Europe’s rapidly-evolving financial market. The system will also interface seamlessly and meet workflow requirements for KD Funds’ service providers.”
Charles River serves over 300 diverse investment management clients worldwide, including 80 firms across 17 European countries.
About KD Funds
KD Funds is owned by KD Group, one of the largest financial services firms in Slovenia, as well as Central and South Eastern Europe. Established in 1994, and headquartered in Ljubljana, KD Funds is the manager of the oldest Slovenian mutual fund, KD Galileo. KD Funds also created the first Slovenian fund-of-funds, and money market mutual fund. KD Funds recently established new funds focused on various geographies and industries. In addition to Slovenian-registered mutual funds, KD Funds also manages mandates for institutional investors.
About Charles River Development
Charles River Development is a front- and middle-office software solutions provider for investment firms, serving over 300 clients in 30 countries representing the institutional, wealth management/trust, alternative, mutual fund, insurance, pension fund and fund administration/custody markets. The Charles River Investment Management System is a comprehensive front- and middle-office software suite for all asset classes that includes: Charles River Manager for portfolio management and modeling; Charles River Compliance for real-time pre-trade, post-execution, and end-of-day compliance; Charles River Trader for order management, electronic trading and execution management; and Charles River Post-Trade for the centralized management of trade matching, confirmation, and settlement workflow.
The system incorporates global real-time electronic trading via FIX (Financial Information eXchange) through the Charles River Network, a broker-neutral financial network that is fully integrated with Charles River IMS.
Charles River IMS features a modern, proven, N-Tier service oriented architecture (SOA) that is highly scalable and supports continuous 24x7 operations. Message-based APIs and exposed Web Services facilitate rapid systems integration.
The company also offers implementation, application management services and hosting solutions. Founded in 1984, Charles River maintains headquarters in Boston and primary offices in Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo and has a local presence in every other major financial center of the world.
Charles River is the recipient of numerous recent industry awards including: Best Buy-Side Order Management System and Best Integrated Front-Office Platform, Buy-Side Technology 2009 Awards; Best Risk Management System, AsianInvestor 2009 Service Provider Awards; and FinTech Top 100, American Banker/Financial Insights 2009. |
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