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NEWS
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Principal MVL expands Fixed Income trading (Swaps and Derivatives) to CRD from Simcorp Dimension for Global Asset Manager
Frankfurt Am Main, Germany
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[September 2010]. Principal MVL LLC., a leading boutique financial consulting organization,
has completed a major overhaul of core workflow processes from Portfolio Management to Back office settlement for
core trading on the Charles River platform for a major Asset Manager in Frankfurt, Germany.
The client engaged consultants from Principal MVL to assist with instrument expansion and moving core workflow
processes from Simcorp Dimension to Charles River Development's OMS platform as part of a strategic initiative
that moved core middle and back office processing to an outsourcing provider.
In the new strategic model, CRD would be the sole order and portfolio management solution that would incorporate Pre-trade compliance
and all securities tradings for types like Credit Default Swaps and
- Support for better Manager Workbench functionality when targeting and switching using duration neutral vectoring
- Better Bloomberg realtime data support
- Increased performance of Trade Gateway extracts to Eagle Pace
About Principal MVL
Principal MVL provides
IT and boutique financial operations consultative services specifially to the Hedge
Fund space. Founded in 2009, Principal offers specialized expertise in the selection
and implementation of technology solutions for securities trading, portfolio management,
performance measurement and attribution, securities accounting and all other facets
of the investment information process. Principal’s client base includes some
of the most prestigous Hedge Fund and boutique Investment adviser. Principal MVL
is based in New York.
For more information,
visit www.principalmvl.com
or contact sales@principalmvl.com
| +1 (203) 273-3860
$190 billion Fixed Income and Equity Asset Manager upgrades Charles River for new functionality
Minneapolis, MN
–
[February 2010]. Principal MVL LLC., a leading boutique financial consulting organization,
has completed a strategic upgrade for a Major Global Asset Manager for their core Fixed Income workflows.
The client engaged consultants from Principal MVL to assist with the upgrade
of Charles River Development’s Investment Management System (CRIMS) in a strategic
upgrade of Charles River to a newer version for better Fixed Income functionality.
The client upgraded from a previous version of Charles River in order to take advantage
of significant technological changes to the system that impeded performance and
functionality. After which, the client wanted to take advantage of the new functionality
of CRIMS 8.1.3.3.6. The additional functionality exhibited in this upgrade were:
- Support for better Manager Workbench functionality when targeting and switching using duration neutral vectoring
- Better Bloomberg realtime data support
- Increased performance of Trade Gateway extracts to Eagle Pace
About Principal MVL
Principal MVL provides
IT and boutique financial operations consultative services specifially to the Hedge
Fund space. Founded in 2009, Principal offers specialized expertise in the selection
and implementation of technology solutions for securities trading, portfolio management,
performance measurement and attribution, securities accounting and all other facets
of the investment information process. Principal’s client base includes some
of the most prestigous Hedge Fund and boutique Investment adviser. Principal MVL
is based in New York.
For more information,
visit www.principalmvl.com
or contact sales@principalmvl.com
| +1 (203) 273-3860
Principal MVL Moves to Upgrade Core Workflow For Large Global
Long Short Hedge Fund
$13 billion Global Long Short Hedge Fund continues Phased Upgrade
with new Workflow designs in Version 8.2.2.1.4
New York, NY
–
[December 2009]. Principal MVL LLC., a leading boutique financial consulting organization,
has been retained to complete the second phase of an upgrade of the Charles River
Trading Platform by now revamping core workflow processes and upgrading the system
to support new global multi-asset class security types.
The client engaged consultants from Principal MVL to assist with the upgrade
of Charles River Development’s Investment Management System (CRIMS) for their
mission critical systems. After completion of a successful upgrade, the client engaged
Principal to help with redesign and re-engineering of core security types for use
with Charles River.
The client upgraded from a previous version of Charles River in order to take advantage
of significant technological changes to the system that impeded performance and
functionality. After which, the client wanted to take advantage of the new functionality
of CRIMS 8.2.2.1.4. The additionational functionality that the client was looking
for were:
- Support for Non-Deliverable Forwards and foreign derivative securities
- Credit Derivatives
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Prime Broker Custodian Give up Transactions
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Use of Charles River Custom Blotter Transactions
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Better FIX transaction scalability
About Principal MVL
Principal MVL provides
IT and boutique financial operations consultative services specifially to the Hedge
Fund space. Founded in 2009, Principal offers specialized expertise in the selection
and implementation of technology solutions for securities trading, portfolio management,
performance measurement and attribution, securities accounting and all other facets
of the investment information process. Principal’s client base includes some
of the most prestigous Hedge Fund and boutique Investment adviser. Principal MVL
is based in New York.
For more information,
visit www.principalmvl.com
or contact sales@principalmvl.com
| +1 (203) 273-3860
Principal MVL Upgrades Charles River Investment Management
System for Large Global Long Short Hedge Fund
$13 billion Global Long Short Hedge Fund moves to upgrade Charles
River Development platform to Version 8.2.2.1.4
New York, NY
– [October 2009]. Principal MVL LLC., a leading boutique financial consulting
organization , released results of a successful order management upgrade of the
Charles River Development platform for one of the most successful Long Short Multi
- Asset Hedge Fund. The client engaged consultants from Principal MVL to assist
with the upgrade of Charles River Development’s Investment Management System
(CRIMS) for their mission critical systems.
The
experienced Order Management System integration team at Principal MVL was charged
with the upgrade of Principal's success in this implementation was a result of a
structured project approach that started with a detailed roadmap and key tasks that
included the following milestones:
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Integrated feeds to multiple systems including two accounting systems, EMS
platforms (Redi, Trading Screen), Line Data Beauchamp and down stream data reporting
environments
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Integrated Credit Derivatives functionality and Derivatives Order processing
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Integrated confirmation/affirmation interfaces for investment operations including
Omgeo OASYS, Omgeo CTM.
- Integrated Charles River's C# API for custom webservices trade modelling.
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Implemented custom FX Trading interface using ASP.NET and Charles River Web Services
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Upgrade database servers from Microsoft SQL Server 2000 to Microsoft SQL Server
2005 Clusters
Principal is now engaged in analysis and a fast-track framework for implementing
Version 9 of the Charles River System.
Principal MVL consultants are among the most skilled and experienced in the industry.
Their product-specific knowledge, coupled with OMS workflow understanding and data
integration expertise, makes Principal the right choice for OMS implementations
and upgrades.
About Principal MVL
Principal MVL provides
IT and boutique financial operations consultative services specifially to the Hedge
Fund space. Founded in 2009, Principal offers specialized expertise in the selection
and implementation of technology solutions for securities trading, portfolio management,
performance measurement and attribution, securities accounting and all other facets
of the investment information process. Principal’s client base includes some
of the most prestigous Hedge Fund and boutique Investment adviser. Principal MVL
is based in New York.
For more information,
visit www.principalmvl.com
or contact sales@principalmvl.com
| +1 (203) 273-3860
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