PerTrac launches new application to `create, monitor and manage multi-manager portfolios |
Date: Friday, February 1, 2008
Author: Pertrac.com
PerTrac Financial Solutions (www.pertrac.com) today announced the commercial release of its newest product, PerTrac Portfolio Manager, a unique software application designed to help funds of funds and institutional investors create, monitor and manage multi-manager portfolios of alternative investments.
Version 1.0 of the product follows a beta version released in June 2007. “Thanks to extensive beta testing by some of our longstanding clients, we’ve been able to make PerTrac Portfolio Manager even better,” said Gerry Mintz, PerTrac President and Chief Executive Officer. “Some of the enhancements we’ve added include additional exposure grids in the Risk Monitor feature, the ability to trade currencies through spots and forwards, custom data importing, as well as cash availability estimates and improved charts.”
PerTrac Portfolio Manager was specifically created to answer a need in the marketplace, helping investment professionals with multi-manager portfolios to reduce operational risk, be more productive, make better decisions by having the right information at their fingertips and, as a result, deliver stronger returns. The system allows investors to more effectively manage their portfolios by tracking subscription, redemption and notice periods, modeling liquidity across the portfolio, setting alerts for various risk parameters, tracking exposures and more, within a single, comprehensive software tool.
This powerful application was developed in conjunction with Caliburn Capital Partners, a leading fund of funds firm with offices in London and Geneva. A beta version was released in June 2007 and tested further with several additional fund of hedge funds clients in London, Geneva and New York.
“PerTrac Portfolio Manager is a significant value-add for an organization managing multi-manager, alternative investment portfolios,” noted Mintz. “It improves performance by giving high-level visibility over all aspects of the fund. PTPM helps ensure that fund of hedge funds managers do not take greater risk than they intend. They can check portfolio risk at a glance with customisable charts, set risk limits and risk flags, and keep checks on portfolio, geographic and strategy limitations. The system is designed and tested to promote risk reduction.”
PerTrac Portfolio Manager also saves time for front, middle and back office professionals, and allows organizations to scale more effectively, reducing the need for new hires and reliance on IT staff. Having a robust, comprehensive portfolio management system may be viewed as a competitive advantage and attract additional assets under management, in that it helps firms optimize returns and reduce operational risk. It can also increase client satisfaction through the ability to respond quickly to questions and queries. Investment terms, manager details and fund documents are available immediately onscreen.
PerTrac Portfolio Manager offers an extensive list of features, including:
- Fund and share class information database
- Detailed terms capture – lockups, fees and penalties, notice periods
- Trade capture
- Detailed liquidity analysis
- Cash management, including recurring and ad-hoc costs
- Automated portfolio performance and NAV calculations
- Currency hedging
- Watch list of funds under consideration
- Multi-time frame performance statistics
- Long and short exposures based on equity, beta, geography, and industry sector
- Portfolio risk monitoring including risk limits and risk flags
- Customizable interface
- Comprehensive and flexible reporting