Thailand-based buy-side firm Tisco Asset Management has chosen Charles River, a provider of investment management solutions, to provide its investment management system (IMS) to help automate and streamline its operations.
The Charles River IMS will provide Tisco’s fund managers with multi-asset, multi-currency portfolio, order and execution management as well as real-time compliance and monitoring. The system will accommodate all 500 of the funds currently under Tisco’s management, supporting complex instrument types and various models of investment funds including private, provident and mutual funds.
The intention is for the system to help improve staff performance and time and data entry efficiency, allowing Tisco fund managers to focus on managing investment portfolios for clients.
“With impending regulatory changes set to open up the markets in our region, the Charles River IMS will enable us to support increased mandates and multi-asset, multi-currency instruments,” said Araya Thirakomen, managing director of Tisco. “Our ability to meet asset managers’ requirements and lower costs with a single consolidated platform helps clients like Tisco enhance competitiveness and manage for growth.”
In addition, US-based buy-side firm Rainier Investment Management has gone live on the Charles River data service for reference data and real-time equity and fixed income market data. Rainier’s portfolio managers and traders receive data that is aggregated, mapped and fed directly into the Charles River IMS, which they have used since 2006.
Charles River data service customers receive reference data in a single feed, aggregated from multiple data sources, including security reference, pricing/evaluation and issuer data. Integration with the Charles River IMS enables data updates overnight and throughout the day, as well as real-time setup and custom data feeds. Real-time data is available from more than 180 exchanges worldwide.
“Data integration can be challenging, and gaps and discrepancies costly,” said Brad Haigis, director, data services, Charles River. “We save clients money and take on the responsibility of monitoring the data feeds and properly mapping data into Charles River IMS, so they don’t have to think about it.”