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Charles River Development Launches Upgraded Management System
Harriet Davies
13 January 2010
Charles River Development, a US-headquartered provider of financial software and services to the global investment management industry, has released Version 9.1 of the Charles River Investment Management System, which is its front- and middle-office software suite for buy-side firms. After a series of tests, the system introduces significant enhancements and completes Charles River’s transition to a service-oriented architecture, fully integrating order and execution management capabilities in a single platform, the company said in a press statement. Version 9.1 introduces a new module for performance measurement, attribution, and performance risk analysis - available as a stand alone module or as part of the IMS suite. The new module enables users to calculate, analyze and report on multi-asset and multi currency performance measurement, equity and fixed income attribution, and a variety of performance risk measures across portfolios, indexes, benchmarks and global investment performance standards composites.