Sweden’s IPM Informed Portfolio Management Live on Charles River IMS
Phase One implementation automates workflows; creates seamless interfaces with external providers
Boston, London, Beijing, Melbourne, New York, Paris, Singapore and Tokyo – February 11, 2010 – Charles River Development (Charles River), a front- and middle-office investment software solutions provider, today announced that IPM Informed Portfolio Management (IPM), a Stockholm-based investment manager with over US$8 billion in assets under management, is live on the Charles River Investment Management System (Charles River IMS). Users across IPM’s equities, futures and foreign exchange operations now benefit from automated decision support, compliance and streamlined trade order management on a single, consolidated platform.
The Phase One implementation, completed on-time and on-budget, supports IPM’s strategy of automating processes to prepare for increased trade volumes and future growth. Key to IPM’s selection of Charles River IMS was the system’s use of multiple technologies – including XML messaging, web services and flat files – which makes it easy for IPM to connect seamlessly with its various modeling, custom algorithm and data systems, and back-office providers. Charles River’s implementation experts built interfaces between Charles River IMS and IPM’s modeling systems, including those for importing futures and forward FX orders. The team also built a two-way interface that automatically exports IPM’s existing account positions to portfolio decision support providers, and imports optimized positions back into Charles River IMS. During Phase Two, IPM will implement the Charles River Network for real-time global electronic trading via FIX (Financial Information eXchange).
“With Charles River IMS, we have a sophisticated approach to meet our growth objectives, and better serve our diverse clients who range from small foundations to large sovereign funds,” said Stefan Detlof, Executive Vice President at IPM. “As volumes increase, our streamlined investment process can automatically bring in orders, check for compliance and execute and forward trades to our back office.”
“Charles River IMS supports IPM’s strategies with automation, extensive integration and greater control over workflows,” said Jon Steward, Managing Director, EMEA, Charles River Development. “Following the implementation of the Charles River FIX Network, IPM will also have a fully integrated platform for connecting with their brokers of choice.”
Charles River serves over 300 diverse investment management clients worldwide, including 80 firms across 17 European countries.
About IPM Informed Portfolio Management
IPM Informed Portfolio Management (IPM) is an investment manager offering diversified solutions to institutional investors. These are customised to the particular requirements of our clients, optimising returns and controlling risk. IPM currently manages assets exceeding US$8 billion for many of Europe's most sophisticated pension funds, sovereign funds and other institutional clients in GTAA, Currency, and Equity Management strategies. IPM is regulated by the Swedish Financial Supervisory Authority and passported to carry out financial services throughout the EU.
About Charles River Development
Charles River Development is a front- and middle-office software solutions provider to more than 300 investment firms in the institutional, wealth management/trust, alternative, mutual fund, insurance, pension fund and fund administration/custody markets in over 30 countries. The Charles River Investment Management System is a multi-asset, multi-currency software suite that consists of five main modules: Charles River Manager for portfolio management and modeling; Charles River Compliance for real-time pre-trade, in-trade, post-execution and end-of-day compliance monitoring; Charles River Trader for order management, electronic trading and execution management; Charles River Post-Trade for the centralized management of trade matching, confirmation, and settlement workflow; and Charles River Performance for daily performance measurement, attribution, and performance risk.
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. The company also offers implementation, application management services and hosting solutions. 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.
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.
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