Artemis takes Charles River to support growing operations

LONDON and EDINBURGH – Artemis Investment Management, a £10 billion buy-side firm managing retail, institutional and hedge fund assets, is deploying Charles River Development’s Charles River Investment Management System across multiple funds and asset types and to accommodate growth.

The contract will provide Artemis with portfolio management and modelling via Charles River Invesmtent Manager; order management and electronic trading via Charles River Trader; compliance monitoring via Charles River Compliance; and trade matching, confirmation and settlement via Charles River Post-Trade.

Nick Wells, product and communications director at Artemis, reports that the manager set out to implement a new investment management system after outgrowing its existing platform, and needed a product that could accommodate the firm’s growing and diverse numbers of funds and instruments.

"We’ve grown hugely in the last four years, from £2 billion to £10 billion in assets, and needed a system that could take us forward, we hope, for another ten years," Wells says. "That’s what we’ve sought to achieve and we think we found it with the Charles River system."

Wells adds that OMS capabilities have become more crucial to Artemis’s operations: "The OMS is playing an increasingly important part in our business, and it’s essential that our managers can see what’s being held across a range of funds."

Artemis will use the Charles River IMS across its long-only business, according to Wells. The manager’s hedge fund operations use Linedata’s Beauchamp Financial Technology.

Mark Cappell, managing director for Charles River’s EMEA region, adds that the Charles River IMS implementation will facilitate more automated front-office operations at Artemis as the manager continues to expand.