New York-based Cohen & Steers Capital Management has implemented Charles River Developments' investment management system (IMS).
Cohen & Steers will use the technology to support its income-oriented equity portfolio management operations.
Charles River says its IMS product was selected because the system was able to accommodate Cohen & Steers existing portfolio management workflow and support complex broker rules and commission targeting practices.
IMS also interfaces with the firm's accounting system, Advent Axys, which reduces processing time, and results in faster reporting.