Lothian Pension Fund Streamlines its Investment Management Processes with Charles River IMS
January 27 2020 - 5:00AM
Business Wire
Lothian Pension Fund, the Edinburgh-based local government
pension scheme provider, has completed the implementation of the
Charles River Investment Management Solution (Charles River IMS) to
help strengthen its investment processes and provide capacity for
expansion of its third-party services. The investment team is using
the multi-asset solution, with portfolio management as well as
trade order and execution capabilities, to manage around £8.5bn of
pension fund assets on behalf of over 85,000 scheme members.
“With an ambition to increase our internal investment capability
and to eliminate the gap between us and the quality managers in the
market, we’re strengthening a number of areas of our team and
partnering with Charles River gives us access to core technology
which supports our operations and compliance arrangements,” said
Doug Heron, Chief Executive Officer of Lothian Pension Fund.
“Charles River’s solutions provide us with the data and trading
capabilities which allow us to stay up-to-date with
state-of-the-art trading capabilities and remain compliant with
ever-changing regulations.”
“As the pension market evolves, asset owners, such as Lothian,
are seeking ways to optimise their investment strategies and better
manage risk,” said Gavin Lavelle, Managing Director EMEA, Charles
River. “Our front-to-back solution provides investment managers and
asset owners greater operational efficiencies, encourage new
opportunities for collaboration between investment professionals
and deliver a single, and enterprise-wide view of portfolios and
exposures.”
About Charles River, a State Street Company
Investment firms, asset owners, wealth managers, hedge funds and
insurers in more than 30 countries rely on Charles River’s front
and middle office investment management platform to manage more
than US$30 Trillion in assets. Together with State Street’s middle
and back office capabilities, Charles River’s software technology
forms the foundation of State Street AlphaSM.
The Charles River Investment Management Solution (Charles River
IMS) is designed to automate and simplify the institutional
investment process across asset classes, from portfolio management
and risk analytics through trading and post-trade settlement, with
integrated compliance and managed data throughout. Charles River’s
growing partner ecosystem enables clients to seamlessly access
external data and analytics, applications and liquidity venues that
support the unique demands of their product and asset class mix.
Headquartered in Burlington, Massachusetts, we serve clients
globally with more than 975 employees in 11 regional offices.
(statistics as of October 2019) www.crd.com
About State Street Corporation
State Street Corporation (NYSE: STT) is the world's leading
provider of financial services to institutional investors including
investment servicing, investment management and investment research
and trading. With $34.36 trillion in assets under custody and
administration and $3.12 trillion* in assets under management as of
December 31, 2019, State Street operates globally in more than 100
geographic markets and employs approximately 39,000 worldwide. For
more information, visit State Street's website at
www.statestreet.com.
*Assets under management as of December 31, 2019 includes
approximately $45 billion of assets with respect to which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as
marketing agent; SSGA FD and State Street Global Advisors are
affiliated.
About Lothian Pension Fund
Lothian Pension Fund (LPF) administers the Local Government
Pension Scheme (LGPS) in Edinburgh and the Lothians. It is a
multi-employer scheme with more than 85,000 members and 90
employers and is the second largest LGPS fund in Scotland.
LPF is unique in Scotland in holding FCA-regulated status, which
allows the team to manage a large share of assets internally and to
provide advisory services to third parties. For more information
visit www.lpf.org.uk
© 2020 State Street Corporation - All Rights Reserved
State Street Corporation, One Lincoln St, Boston MA 02111
2920549.1.1.GBL
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200127005172/en/
Media Contact: Helen Traverso, +44 (0) 7747 174620
helentraverso@crd.com
State Street (NYSE:STT)
Historical Stock Chart
From Aug 2024 to Sep 2024
State Street (NYSE:STT)
Historical Stock Chart
From Sep 2023 to Sep 2024