Press Release

Milford Asset Management Live on Charles River’s Hosted Investment Management Solution

March 2, 2016

Melbourne, Australia – Charles River, a front and middle office investment management solution provider, today announced that Milford Asset Management, a leading investment management firm based in Auckland, New Zealand, is live on the hosted Charles River Investment Management Solution (Charles River IMS).

Charles River IMS provides Milford staff with a single platform to support investment management processes across the firm’s equity, fixed income, FX and derivatives operations in Auckland and Sydney. Milford is also leveraging Charles River’s fully managed data service and FIX network for the purchase and sale of global securities.

Anthony Quirk, Managing Director, Milford, said: “This move follows a process that started in mid-2014, reflecting our goal of moving to an investment management platform at international best practice level. It is a highly important step in that process as it moves us to a market leading position amongst New Zealand fund managers.

“With Charles River, we have one system that supports the investment management process from start-to-finish, across all asset classes,” Mr. Quirk said. “This improves productivity significantly for our Portfolio Managers, Centralised Dealing function, and Operations and Compliance teams. With Charles River managing and hosting the solution, we can easily access new capabilities and reduce the time and cost of upgrades.”

Cameron Field, Managing Director-APAC, Charles River, said: “Milford is the first New Zealand-based firm to implement Charles River IMS delivered as a hosted service. Our solution brings together the required set of data into a comprehensive, investment-focused view. This improves data quality dramatically, streamlines processes and makes it easy for clients to manage exposure and compliance risk.”

About Milford Asset Management
Milford is a New Zealand-based boutique investment firm, formed in 2003, that provides a range of investment products and services designed to help clients grow wealth and meet their specific investment objectives. The firm was founded on the guiding principles of employee ownership, a performance-based fee structure and particular focus on protecting investors’ capital. Today, the Milford team comprises more than 50 people in Auckland and Sydney who seek to consistently deliver superior investment returns and high-quality customer service. Milford currently has over $3.3 billion of funds under management.

About Charles River
Charles River provides an end-to-end solution to automate front and middle office investment management functions across asset classes on a single platform. Delivered as a hosted service, the solution improves data quality and investment professional productivity, controls risk and lowers technology costs. Charles River serves more than 350 investment firms in over 40 countries in the institutional asset and fund management, private wealth, alternative investments, insurance, banking, and pension markets.