Vanguard Group has consolidated management of taxable money market funds on the cloud-based Charles River Investment Management Solution (Charles River IMS).
Vanguard is now live on the platform, using Charles River IMS across the investment process, from pre-trade to post-trade and compliance.
The Charles River Investment Book of Record (IBOR) provides portfolio managers and traders with real-time cash and positions and Charles River’s Data Service delivers benchmark and pricing data.
The platform also enables users to incorporate its proprietary data and configure workflows unique to their product offerings.
Additionally, it provides fixed income managers with streamlined workflows to access liquidity venues, identify investable cash, more easily manage counterparty limits and improve communication and collaboration between investment teams.
Paul Malloy, principal, head of municipals at the Vanguard Group, commented: “As one of the world’s leading global fund providers, Vanguard is continuously enhancing our investment management function to help clients grow their wealth.”
Matt Daly, head of Americas, Charles Rivers, added: “Increased market volatility and regulatory oversight are driving fund managers to reevaluate their technology footprint and operating model. By consolidating onto Charles River IMS, firms can gain greater visibility into their investment process, use proprietary content more effectively and scale to support their growing product offerings.”
