Lothian Pension Fund has integrated a new software system to help strengthen its investment processes and provide capacity for expansion of its third-party services.
The £8.5 billion Edinburgh-based-fund has adopted an investment management system from State Street-owned software provider Charles River, which has portfolio management as well as trade order and execution capabilities.
Chief executive officer of Lothian Pension Fund, Doug Heron, said the fund had an ambition to increase its internal investment capability and to “eliminate the gap” between the scheme and the quality managers in the market.
“Charles River’s solutions provide us with the data and trading capabilities that allow us to stay up-to-date with state-of-the-art trading capabilities while remaining compliant with ever-changing regulations,” said Heron.
Asset owners are increasingly seeking ways to optimise their investment strategies and better manage risk, said Managing Director Europe, the Middle East and Africa at Charles River, Gavin Lavelle.
“Our front-to-back solutions have been developed to provide 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,” he said.