Charles River Development, a provider of front- and middle-office systems to the global investment management community, yesterday announced that BlueBay Asset Management is now trading derivatives via the Charles River Investment Management System (IMS) and has been using the system since 2005 for its fund management business totaling in excess of US$9 billion in assets under management.
BlueBay users leverage Charles River IMS to manage the majority of their debt, equity, derivative and foreign exchange products for portfolio management, trade execution, compliance and data management. The system enables BlueBay to address the straight-through processing (STP) lifecycle and integrates with complementary systems used for market data, confirmation services, portfolio accounting and settlement. BlueBay’s fund managers use Charles River IMS as their central, real-time data repository for portfolio management which provides accurate information that reflects market conditions, the firm says.
“Because of its service-oriented architecture, Charles River IMS has been very easy to integrate with other systems using real-time XML messaging. It also means that we can now manage our entire STP workflow for a wide range of asset classes, including complex derivatives such as credit default swaps,” comments Simon Lumsdon, head of IT, BlueBay Asset Management.
“Throughout our project we were very impressed with Charles River’s services. They listened to our needs and provided expert guidance, from consulting services and product management, to ensure the product met the unique requirements of our business,” he says.
Mark Cappell, managing director EMEA, Charles River Development adds, “Given their rapid growth, only a fully scalable system can meet BlueBay’s unique needs for all asset classes. Charles River IMS was selected based on the system’s ability to manage current and projected growth.”