LONDON and BURLINGTON, MA, April 21, 2005 â Charles River Development, a market leading provider of global investment management software and services, today announced that it has completed a three week implementation of its Charles River Investment Management System (Charles River IMS) at Generation Investment Management LLP. The implementation included the systemâs three integrated components; Charles River Manager for portfolio management, Charles River Trader for order management, and Charles River compliance for real-time compliance monitoring.
Established in April 2004, Generation Investment Management is committed to long term investing and fully integrated sustainability research for institutions and select individuals. Based in London and Washington, DC, the firm manages assets in a long-only global, equity strategy, including FX, futures, and currency forwards.
"The Charles River implementation team really delivered to our aggressive, but necessary timetable, to meet our targeted February 1 fund launch. We required an order management system to provide our portfolio managers and traders with robust trade process controls from day one," said Peter Harris, chief operating officer of Generation Investment Management. "As a result, we are able to easily manage our pre-trade compliance, portfolio modelling, execution, and reconciliation all from one system. The initial use of Charles River IMS will be in our London office, however, as we grow we intend to expand our use of the system; we are confident that Charles Riverâs broad functionality and flexible and scalable technology will readily meet any future requirements."
Peter Lambertus, president and CEO of Charles River Development, commented: "With over 130 successful implementations in the past five years, our Professional Services team has a demonstrable track record of meeting a wide variety of functional, operational, budgetary, workflow, and implementation timeline demands/requirements. The completion of this project in three weeks speaks to Charles Riverâs success at having the correct packaging, methodology, and staffing in place to simultaneously service both small and large investment managers."
Charles River IMS is a comprehensive front- and middle-office software suite for asset managers, which supports all security types and workflows. Each of its three integrated components, Charles River Manager, Charles River Trader and Charles River Compliance, is also available as a standalone software application. Charles River Manager supports portfolio management and investment decisions through tools for rebalancing, "what if" analysis, modelling, pre-trade compliance and tax impact analysis. Charles River Trader offers traders capabilities for trade order management and electronic trading including support for FIX-based trading and allocations, Program and List trading, and algorithmic trading. Charles River Compliance enables portfolio managers and traders to perform pre-trade compliance checks and to conduct portfolio, account and enterprise-wide compliance monitoring to maintain compliance with manager, client, firm and regulatory mandates. Charles River IMS incorporates a highly scalable, open, N-Tier architecture to support the front- and middle-office needs of global financial organisations.