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Montanaro Asset Management implements Charles River IBOR solution

Published 17 July 2018

UK-based asset manager Montanaro Asset Management, has implemented Charles River’s Investment Book of Record (IBOR), which provides portfolio managers and traders with up to date position and cash information and removes manual reconciliation.

With this implementation, Montanaro Asset Management will provide portfolio managers and traders with up to date position and cash information in the Charles River Investment Management Solution (Charles River IMS).

Montanaro has used Charles River IMS for portfolio management, compliance and trading over the last 6 years.

Charles River’s IBOR provides real-time position and cash updates to the front office, independent of back-office accounting systems and custodians. By ensuring timely delivery of data for front-office activities, Montanaro has been able to remove the need for proprietary tools and manual reconciliation.

Montanaro Asset Management systems head Mark Petar said: “The implementation of the IBOR module has fulfilled our need for an enclosed system with position and reconciliation histories.

“Plus, with accurate intraday cash updates we can remain fully invested.”

Charles River EMEA managing director Gavin Lavelle said: “Managers and traders need accurate position data, and that’s what IBOR delivers. Charles River’s IBOR also supports a consolidated view of holdings across asset classes, and reduces the likelihood of trading errors due to stale position data.”

Source: Company Press Release