Charles River Development, a State Street company, is collaborating with DirectBooks, enabling investment firms to manage primary issuance workflows in the Charles River Investment Solution (Charles River IMS).
DirectBooks optimises primary issuance of fixed income securities by streamlining communications workflows between underwriters and institutional investors. Currently, 22 underwriters and over 250 institutional investors, including 17 of the top 20 global asset managers by AuM, are live on the platform. Recently, Lord Abbett & Company, a mutual client of Charles River and DirectBooks, adopted the combined offering to manage primary issuance across its institutional and private client portfolios.