Daiwa SB Investments Ltd., a Japanese asset management company, has selected Charles River Investment Management System to monitor more than $31 billion in assets under management.
Charles River IMS is a front-and middle-office software suite for portfolio management and modelling, order management and electronic trading, real-time compliance monitoring and the centralized management of trade matching, confirmation and settlement workflow. Daiwa’s decision was largely due to the firm’s need to consolidate and streamline its fund management operations onto one integrated platform.
“We were particularly impressed with Charles River Compliance which enables us to apply compliance rules precisely for each fund. We can, therefore, more easily adhere to the broker trading restrictions unique to Japan,” said Suichi Komori, president and CEO of Daiwa. “The system covers all investment classes, not only equities or fixed income, and this means that all compliance can now be executed in one front office system.”