Charles River Development, a State Street company, has announced plans to expand its support of private market assets within the unified managed accounts (UMA) capabilities offered through the Charles River Investment Management Solution (IMS). Through new enhancements to Charles River IMS, the offering aims to provide a streamlined and integrated solution with advanced portfolio management capabilities across public and private assets within a single portfolio. The expanded solution is intended to address the administrative complexities and product delivery challenges for both enterprise wealth management firms and private asset managers.
Building on longstanding UMA capabilities to hold, value and position-keep alternative instruments as sleeve options in Charles River IMS, the enhanced capabilities are designed to offer systematic support for asset allocation handling, portfolio rebalancing, cash management and trade sequencing activities associated with semi-liquid instru
