Old Mutual Asset Managers Implements Charles River IMS

Dramatically Enhances Trading, Compliance, and Portfolio Management Operations

LONDON and BURLINGTON, MA, June 27, 2005 — Charles River Development, a leading provider of software and services to the global mutual fund, banking, pension, hedge fund, wealth management, and insurance industries, today announced that Old Mutual Asset Managers (OMAM) UK successfully completed an implementation of the Charles River Investment Management System (Charles River IMS). With the implementation of Charles River IMS, 50 users are now able to monitor, manage, and trade the firm’s growing equity, fixed income, futures, and FX trade volume. Charles River IMS provides OMAM UK with an enterprise-wide view of the firm’s portfolios on a single solution by replacing a mixture of manual fund manager worksheets and DSTi’s HiPortfolio for order management and compliance. OMAM UK manages a combination of traditional mutual funds, client funds, and hedge funds totalling US$6 billion.

Charles River IMS is a comprehensive, front- and middle-office software suite for portfolio management (Charles River Manager), order management and electronic trading (Charles River Trader), and real-time compliance monitoring (Charles River Compliance), which helped OMAM UK simplify its entire trade-cycle process. "Charles River IMS combines a variety of key features that OMAM required including real-time pre-trade compliance, complete coverage of all security types, and a feature-rich solution which is usable amongst all of our traders and fund managers," said Beth Lathangie, COO, Old Mutual Asset Managers UK. "Our traders and fund managers have benefited immediately from the streamlined and automated workflows easily allowing them to manage the firm’s increased trade volumes. In addition, all of their trading tools are in one reliable solution allowing them to spend more time managing the portfolios."

OMAM UK also utilises Charles River IMS’ standard interfaces to the firm’s existing DSTi HiPortfolio accounting platform, Bloomberg real-time pricing solution, and the Thomson AutEx offering for the communication of trade order indications and executions. Automating the manual processes and enabling the seamless, electronic transfer among the multiple systems results in reduced trade processing times and faster reporting.

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