Charles River has announced that OTP Fund Management, Hungary’s largest institutional investment company, has implemented the private cloud-based Charles River Investment Management Solution (Charles River IMS) to streamline its Equity, Fixed Income, Derivatives and FX operations.

OTP Fund Management users now have a single platform for portfolio management, order and execution management, and compliance monitoring.

Charles River IMS is a complete hosted solution that allows firms to reduce complexity and eliminate system redundancy by giving Portfolio Managers, Traders, Compliance and Risk Managers a common view across all asset classes and business units.

Charles River’s fully-outsourced services help clients lower costs with 24×7 system administration and infrastructure, software and connectivity support.

Tom Driscoll, global managing director, Charles River, said: "Worldwide, firms across industries are looking to reduce complexity, cut costs, and reduce demands on internal resources by transitioning to cloud-based computing. Our hosted solution delivers the best results for clients by improving user satisfaction through faster access to new capabilities and improved data quality, as well as alleviating the burden of day-to-day system management and reducing technology costs."