State Street Company Charles River Development & Axioma Announce Partnership to Expand Portfolio & Risk Analytics in Charles ...
March 14 2019 - 7:35AM
Business Wire
State Street Corporation, (State Street), NYSE:STT today
announced that Charles River Development, a State Street Company,
and Axioma, the leading provider of enterprise risk management,
portfolio management and regulatory reporting solutions, today
announced a formalized strategic partnership. The partnership will
integrate Axioma’s risk and portfolio analytics into the Charles
River Investment Management Solution (Charles River IMS), a front
and middle office platform used by more than 300 investment
managers, asset owners and hedge funds globally. As a result,
Charles River clients will benefit from access to Axioma’s full
suite of factor models and portfolio optimization capabilities
directly within the Charles River IMS.
In combination with Charles River’s portfolio management, risk
and attribution capabilities, Axioma’s factor models for equity,
multi-asset and fixed income portfolios will enable firms to
identify, measure and reduce risk in a single solution, with
compliance rules and optimization tightly coupled. This
interoperable benefit is a foundation of Charles River IMS,
allowing investment managers to incorporate internal IP and
externally sourced models, data and analytics to support the unique
demands of their investment processes and asset mix.
“When State Street acquired Charles River in October 2018, the
intent was to develop the industry’s first ever front-to-back
investment management and servicing platform that could support the
deep enterprise data aggregation and management, analytics and
compliance needs of our clients,” said John Plansky, CEO, Charles
River Development. “Today, our partnership with Axioma serves as a
testament to the depth and scalability of State Street’s
front-to-back platform offering. Our global clients will be able to
seamlessly integrate and leverage their portfolio management and
risk analytics needs all from a single, interoperable
solution.”
“We are delighted to be partnering with Charles River,” said
Sebastian Ceria, CEO of Axioma. “With margins shrinking and
competition increasing for investment managers, the quest for
competitive advantage has never been more acute. Axioma’s
best-of-breed solutions and tools for risk management, portfolio
construction and optimization, combined with the capabilities of
Charles River IMS, provide the front and middle offices with a
powerful and unified solution that enhances their pursuit of
alpha.”
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $31.62 trillion in assets
under custody and administration and $2.51 trillion* in assets
under management as of December 31, 2018, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s website at www.statestreet.com.
*This figure is presented as of December 31, 2018 and includes
approximately $32.44 billion of assets with respect to SPDR
products for which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2019 State Street Corporation - All Rights Reserved
About Charles River, a State Street Company
Charles River Development, a State Street Company, enables sound
and efficient investing across all asset classes. Investment firms
in more than 40 countries use Charles River IMS to manage more than
US$25 Trillion in assets in the institutional investment, wealth
management and hedge fund industries. Our Software as a
Service-based solution (SaaS) is designed to automate and simplify
investment management on a single platform – from portfolio
management and risk analytics through trading and post-trade
settlement, with integrated compliance and managed data
throughout. Headquartered in Burlington, Massachusetts, we
support clients globally with more than 750 employees in 11
regional offices. For more information, please visit
www.crd.com.
About Axioma
Axioma provides an integrated suite of investment management
solutions to a global client base, including asset managers, hedge
funds, insurance companies, pension funds, wealth managers and
investment banks. Our award-winning services are comprised of
multi-asset enterprise risk management, portfolio construction,
performance attribution, regulatory reporting and custom index
design. With over $10 trillion in assets under management, our
clients rely on Axioma’s solutions for decision intelligence
throughout the entire investment process. Enabled by Axioma’s
market-leading technology from APIs to the cloud-native open
environment of axiomaBlue™ and fully integrated content and
analytics, our customers deploy Axioma’s solutions to create
competitive advantage – from risk to return™. Learn more at
www.axioma.com and follow us on Twitter and LinkedIn.
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Marc Hazelton+1
617-662-1860mhazelton@statestreet.com@StateStreet
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