âIn todayâs increasingly competitive South African hedge fund market, managers continue to differentiate their fund offerings by establishing more specialized and complex strategies. In creating the SPS technology offering we focused on supporting our clientâs unique edge by providing them with the best possible front office solution.â said Terence Naidu, Co-Head, SPS. âA recent high-profile compliance breach has caused the Financial Services Board to tighten regulations in this market. The built-in compliance module made Charles River IMS a must have for SPS.
âCharles River IMS is a natural fit for the hedge fund market in South Africa. Charles River has four buy side clients in South Africa already and numerous hedge fund clients around the world. This makes us confident that our first prime brokerage client will successfully leverage Charles River IMSâs best of breed technology to increase trading efficiency and operational transparency.â
âCharles River has been serving South African buy side firms since 2006,â said Jon Steward, Managing Director-EMEA, Charles River Development. âThe system supports all asset classes and can easily handle the mixture of strategy trading, derivatives and traditional equity and fixed income that is typical in South African hedge fund portfolios. Also, Charles River IMSâ open architecture means itâs easy to integrate with third-party systems.â