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Investment Technology Briefs

CalPERS implementing equity-order-management and compliance system from Charles River Development; CMS BondEdge partners with Audit Integrity; Bisys launches service to help hedge funds with anti-money-laundering compliance.

The California Public Employees' Retirement System is implementing an equity-order-management and compliance system from Charles River Development, a Massachusetts-based financial-services provider. CalPERS, a public pension fund with $137 billion in assets, is in the process of implementing Charles River Investment System which includes a suite of front- and middle-office portfolio-management, order-management and real-time-compliance systems. The systems will interface with an accounting system from Princeton Financial Systems (PAM), CalPERS' custodian, State Street bank, and ITG QuantEX for FIX messaging. CalPERS plans to have the Charles River system rolled out to 10 employees by October.

CMS BondEdge, a fixed-income-analytics provider, has partnered with Audit Integrity, a firm specializing in analyzing accounting and corporate-governance practices for publicly listed companies. Audit Integrity's accounting and governance ranking scores will be available through CMS BondEdge's solutions.

Bisys, a New York-based business-process outsourcer, has launched a service to help hedge funds with anti-money-laundering compliance. The service, developed by Bisys' funds, hedge-fund and regulatory-service divisions, will offer hedge funds the provision of an AML-compliance officer to communicate with the U.S. Treasury Department's Financial Crimes Enforcement Network and the Office of Foreign Asset Control.

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