Charles River Development (Charles River), a front- and middle-office software solutions provider for investment firms, today announced that KD Funds LLC (KD Skladi), one of the largest privately-owned asset managers in Central and Eastern Europe, has selected the Charles River Investment Management System (Charles River IMS) to automate its investment operations.
KD Funds' users will benefit from extensive portfolio management, order management and real-time compliance monitoring on a single, consolidated platform.
"KD Funds is a progressive company that is expanding rapidly," said Louise Chatwood, Member of the Board, KD Funds LLC. "We serve individual and institutional investors across Southern and Eastern Europe, and have broad requirements to meet their needs. Charles River IMS will clearly support our future demands and expansion."
"KD Funds is one of the most innovative asset managers in Slovenia, creating many investment 'firsts' for the region," said Jon Steward, Managing Director, EMEA, Charles River Development. "Because they manage both Slovenia's oldest mutual fund and newly-developed funds, Charles River IMS will help them address firm mandates, as well as those of Eastern Europe's rapidly-evolving financial market. The system will also interface seamlessly and meet workflow requirements for KD Funds' service providers."