WEST PALM BEACH, FL (HEDGECO.NET) – Financial Tradeware has announced the introduction of its latest software, the new H-FUND(tm). According to the press release, the program �is designed to automateall the pre- and post-trading activities for Hedge Fund traders.� The Trade Management System (TMS) is the latest addition to the product suite of more than 25 individual and specific, fullyintegrated applications. TMS enables the electronic execution and reporting of equity orders�.

The new trading software was a joint collaboration effort by Financial Tradeware and Microsoft Corporation. The product is available in BETA according to the release, and will be available during the third quarter of 2004.

The highlights of the new software include its ability to perform real-time trade execution via FIX protocols, clearing and settlement via SWIFT, real time NAV calculation and accounting. It additionally, provides portfolio modeling and risk management tools.

According to the press release, �TMS has been specifically designed and tested by small to medium sized investment management firms. The system enables the electronic execution and reporting of equity orders using FIX protocols. The application supports the execution of different order types (including limit and GTD/GTC orders), facilitates exception processing and integration, with settlement for Straight through Processing.�

Alberto Fontana, Managing Director of Financial Tradeware, said, “We have been working with a specialist team of 12 Microsoft software designers for almost one year in order to migrate our entire product suite to a .NET infrastructure. We are therefore very pleased to announce our first .NET solution for hedge funds at the Fund Forum event.� Fontana added, �We firmly believe in the value of .NET technology, its reliability, scalability and ease of use makes it the perfect technology on which to base our product suite; particularly as the implementation of the industry standard platform increases in our customer base.”

Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]

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WEST PALM BEACH, FL (HEDGECO.NET) – The recent poor results posted by hedge funds were fallouts from the dollar declines. According to hedge fund industry analysts, such declines will not stop thegrowth and capital surge experienced by the global hedge fund industry. Hedge funds suffered their recent month to month declines in April and May, and the weakness has also spilled into June as theHedge Fund Research, [HFR] released its June data, showing a loss of 0.17% by hedge funds tracked by the index.

John Godden, managing director at HFR Europe, told Reuters news that hedge funds miscalculated the dollar rally during the second quarter. He commented, “We think we’ll see April/May as the roughest period ever. We’ve never had four negative months in a row and we do not expect July to be negative to maintain this,” according to Godden.

Godden also explained that the recent dollar rise from February was also accompanied with high volatility in the global equity exchanges, added to a sharp rise in the price index of commodities helped to create losses in hedge fund portfolios. According to Godden, this scenario does not happen often. The year-to-date return of hedge funds captured in the HFR Global index now stands at -0.27% for 2004.

Such declines in global hedge fund indexes may have bottomed according to Godden, explaining further that hedge funds have absorbed such shock, and are now poised for further growth in the total assets managed by the industry. These assets have experienced an exponential growth from near US $550 billion about two years ago to over US $1.0 trillion in 2004.

Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.