Two large European pension fund managers have selected new investment management solutions (IMSs).
Norwegian pension fund manager firm Folketrygdfondet has selected a fully-outsourced management and hosting solution from software provider Charles River for its IMS.
Folketrygdfondet manages Norway's government pension fund and the government bond fund on behalf of the Norwegian ministry of finance. The manager invests capital in shares listed on regulated markets in Norway, Denmark, Finland and Sweden.
Folketrygdfondet is implementing the system as a multi-asset solution across its equity, fixed income, FX, money markets and derivatives investments for automated portfolio management, trading, compliance and post-trade processing.
Charles River's managed services offering includes application management, hosting and Software as a Service (SaaS) for the Charles River IMS and is designed to help reduce costs and increase return on investment for clients by supplying hosted infrastructure and data services. Charles River maintains primary and back-up data hosting centres in EMEA and the Americas.
Meanwhile, software firm SimCorp has been chosen by a prominent German pension fund to provide its IMS.
The IMS, SimCorp Dimension, will be used across the firm's entire range of investments, from portfolio management to accounting. The pension fund has stated that SimCord Dimension's ability to provide a transparent view of externally managed funds was a critical factor in its selection.
Designed to enable processing across the entire investment management process in a single system, the IMS should provide a solid basis for the control and reporting of all managed funds.