BOSTON--(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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View source version on businesswire.com: https://www.businesswire.com/news/home/20190314005376/en/
Marc Hazelton
+1 617-662-1860
mhazelton@statestreet.com
@StateStreet
Source: State Street Corporation