GoldenTree Asset Management, a buy-side firm with $5.7 billion in assets under management, has recently implemented a solution from Charles River Development, a Burlington, Mass.-based investment-management vendor. GoldenTree is now using the Charles River Compliance system for daily compliance monitoring of securities transactions at the portfolio level. Charles River Development has also signed on AmerUs Capital Management as a new client. AmerUs will implement Charles River Trader and Charles River Compliance in its fixed-income investment operations. AmerUs will use the systems for electronic trading, order management, and real-time-compliance capabilities.
Indata is now offering risk-measurement and analysis tools within its flagship product suite, I.M.S. for Windows. The San Diego-based investment-management-technology vendor is offering the ability for portfolio managers to measure and analyze risk in the same module that they use for portfolio modeling, rebalancing and compliance.Risk characteristics such as standard deviation, Sharpe ration, and risk-adjusted returns, can be viewed via customizable on-screen views. In addition, the data can be exported into Excel.
Toronto-based Financial Models Company has established a division devoted to business-process outsourcing. The investment-technology vendor has offered ASP and BPO services for areas such as statement generation and performance measurement in the past to selected clients. However, due to the growing demand of investment managers looking for outsourced services, the vendor has developed a business line exclusively devoted to that function. The division will be headed by FMC's David Burnham.