Press Releases

Alliance Trust Selects Charles River Development’s Consolidated Platform to Automate Equity and Fixed Income Operations

August 25, 2011

Boston – August 25, 2011 Charles River Development (Charles River) a front- and middle-office investment software solutions provider, today announced that Alliance Trust PLC (Alliance Trust), the largest generalist investment trust listed on the London Stock Exchange, and Alliance Trust Asset Management, have selected the Charles River Investment Management System (Charles River IMS) as a single consolidated platform for its equity and fixed income operations. The system will be used by Alliance Trust’s investment team based in its offices in Dundee, Edinburgh and London, and supported by Charles River’s Application Management service.

Following the expansion of Alliance Trust’s investment capabilities into fixed income, Alliance Trust sought a single system to manage both equity and fixed income portfolios. Charles River IMS provided the solution with a single upgrade cycle to be dictated by Alliance Trust. As part of the Charles River solution, Alliance Trust will also be using Charles River Compliance across all asset classes to achieve real-time pre-trade compliance as well as comprehensive position level / start of day compliance.  The solution will provide real-time and complete monitoring of overall exposure across the entire organization.

“Our perennial focus is on our investor promise, which is to generate a real return for shareholders over the medium to long term through a combination of capital growth and a rising dividend,” said Katherine Garrett-Cox, chief executive of Alliance Trust. “To achieve this, we require a cost-effective, reliable and proven multi-asset class software solution. In Charles River IMS, we are confident that we have procured an industry-leading capability with the flexibility to accommodate our development plans and reduce the burden of auxiliary systems.”

“Charles River’s flexible solutions support growing asset managers like Alliance Trust, handling all asset classes, high trading volumes and unlimited numbers of portfolios with consistent high performance,” said Jon Steward, managing director, EMEA, Charles River Development. “By entrusting the day to day management of the system to us, Alliance Trust benefits from our knowledge, and we can ensure they are always using the system to its maximum potential. We have the experience of working with similar buy-side firms to quickly respond to new requirements, and we’re able to rapidly scale up the solution as they grow.” 

About Alliance Trust
Alliance Trust PLC is a self-managed investment company with investment trust status. With headquarters in Dundee, Alliance Trust PLC has been investing since 1888 and is the largest generalist investment trust listed on the London Stock Exchange. As at 31 July 2011, it had total assets of £3.0bn.
 
Its focus is to generate superior returns for shareholders over the medium to long term through a combination of capital growth and income. It has no fixed asset allocation benchmark and invests in a wide range of asset classes throughout the world to achieve its objective.
 
Alliance Trust PLC’s objective is to be a core investment for investors seeking a long term store of increasing value. Capital is allocated across a broad range of asset classes to enhance and preserve total returns and to provide shareholders with real growth over the medium to long term. Investment techniques such as gearing and hedging are used to enhance returns and reduce risks within its portfolio.
 
Alliance Trust Asset Management is a wholly owned subsidiary of Alliance Trust PLC which was launched in 2009 and has over £400m of assets under management at 31 July 2011. Covering both equities and fixed income, Alliance Trust Asset Management offers a selection of open-ended funds and investment solutions borne out of tried and tested investment processes.

About Charles River Development
Charles River Development provides software, hosting and data services to automate front- and middle-office investment operations for buy-side firms. On-premises software and SaaS solutions support portfolio management, compliance and risk monitoring, order and execution management, and access to global liquidity. The company has more than 300 clients in 38 countries in the institutional asset and fund management, alternative, wealth management, insurance, banking, pension and custody markets.