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.
Stewart Eisenhart
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
After acquisitions, Exegy looks to consolidated offering for further gains
With Vela Trading Systems and Enyx now settled under one roof, the vendor’s strategy is to be a provider across the full trade lifecycle and flex its muscles in the world of FPGAs.
Enough with the ‘Bloomberg Killers’ already
Waters Wrap: Anthony interviews LSEG’s Dean Berry about the Workspace platform, and provides his own thoughts on how that platform and the Terminal have been portrayed over the last few months.
BofA deploys equities tech stack for e-FX
The bank is trying to get ahead of the pack with its new algo and e-FX offerings.
Pre- and post-trade TCA—why does it matter?
How CP+ powers TCA to deliver real-time insights and improve trade performance in complex markets.
Driving effective transaction cost analysis
How institutional investors can optimize their execution strategies through TCA, and the key role accurate benchmarks play in driving more effective TCA.
As NYSE moves toward overnight trading, can one ATS keep its lead?
An innovative approach to market data has helped Blue Ocean ATS become a back-end success story. But now it must contend with industry giants angling to take a piece of its pie.
BlackRock, BNY see T+1 success in industry collaboration, old frameworks
Industry testing and lessons from the last settlement change from T+3 to T+2 were some of the components that made the May transition run smoothly.
Banks seemingly build more than buy, but why?
Waters Wrap: A new report states that banks are increasingly enticed by the idea of building systems in-house, versus being locked into a long-term vendor contract. Anthony explores the reason for this shift.