CalPERS Migrates to Charles River’s Managed Services
Charles River's Managed Services will provide CalPERS with a single, hosted solution for automated portfolio management and modeling, order management, trading, compliance, and post-trade processing.
CalPERS also tapped the Charles River Investment Management Solution Version 9 for its equity and foreign-exchange operations.
"Today's technology is more complex, requiring specialized skills that many buy-side firms find difficult to recruit and retain," says Tom Driscoll, global managing director, Charles River Development. "Our complete, private-cloud solution of software, managed services, FIX connectivity, and data streamlines operations and ensures rapid, cost-effective upgrades. As a result, firms like CalPERS gain increased scale and immediate access to the latest capabilities and system expertise to support business challenges."
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