WEST PALM BEACH, FL (HEDGECO.NET) – Computer Design has released its latest management software, the new Financial Portfolio Management System [FPM]. Haluk Toral, Technical Director, said theircompany has encountered the rise and demise of many business types and trends. According to him, �one thing appears to remain constant; the fund managers strive to provide a distinctive service, butone which fits the trend.�
The new portfolio manager [FPM] has evolved over the course of time from a multi-currency-multi-instrument portfolio management system, to an institutional fund management system, managed futures system, hedge funds system. The new software will help money managers to accomplish tasks such as order management, managed futures, client report book, financial reports, performance attribution, and integrated system management.
According to the press release, the new software will help in �Creation of an electronic dealing pad to record the decision process and issue pre-trade breach warnings. Dealers are able to see open positions and P&L on-line. Back office can process the deals without re-keying.� It will also help managers applying managed futures to carry out complex back office duties in a timely manner. The press release further stated, �One of the most time consuming tasks for the back office is to compute performance fees in accordance with client mandates. Normally fees accrue at periodic intervals and become payable depending on certain thresholds. In our solution, accrual and payment records are accounted through FPM Cash Book/General Ledger and the fee notes printed automatically.�
In the area of integrated system, the company stated that the new portfolio manager �creates integrated systems with straight through processing between all departments with a flexible general ledger back-bone, data feed interface for prices and corporate actions, financial reporting and an interface to the custodian for settlement instructions. All of our clients have evaluated a number of systems but only FPM could provide the required functionality for the price.�
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Paul Oranika
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HedgeCo.Net
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