Responding to the needs of institutional investment firms to maximize efficiency and effectiveness, PackHedge™ v.4.2 introduces advanced firm-wide organizational tools and streamlined portfolio simulation capabilities.

A new “Object Manager” tops the list of organizational tools introduced in PackHedge™ v.4.2. In addition to the PackHedge™ customizable Tool Bar, each PackHedge™ customer now has the ability to create their own folders and sub-folders to organize and group Funds, Companies, People, Reports, Queries, Groups, Proformas and Portfolios in any fashion that is most meaningful and useful to them and/or their team.

“PackHedge™ is now used by many of the largest fund of hedge funds and banks in the world. These firms often have multiple teams, across multiple offices and countries accessing PackHedge™ and the need to organize and customize PackHedge™ views and data according to varying functional roles is becoming an essential component of a proper research and analysis platform,” states FinLab’s CEO, Denis de Pentheny O’Kelly.

Similarly, PackHedge™ now includes a “Relations” view that illustrates all of the relationships between Funds, Companies, People, Indices, Fund of Funds, Proformas and Groups. For example, this is especially useful when needing to conduct analysis on the constituents of specific hedge fund indices like the HFR Indices, or listing all proforma portfolios or funds of funds in which a fund is included, or when needing to quickly identify all funds managed by a certain firm, etc.

In keeping with PackHedge™’s unique ability to properly merge and aggregate multiple data sources, v.4.2 includes the capturing of new qualitative fields from HFR (Hedge Fund Research), HedgeFund.net and Eurekahedge. For those clients seeking an additional source of index data, PackHedge™ now offers a direct interface and import feature with Yahoo® Finance. These data sources and more can easily and conveniently be merged and aggregated into one clean, duplicate-free data set so that valuable human and technology resources can be focused on higher valued activities.

“It is a testament to the strong technology foundation of PackHedge™ that we are able to quickly respond to market demands and incorporate workflow optimizations tools that benefit clients of all sizes and structures,” adds de Pentheny O’Kelly. As clients continue to use PackHedge™ to run dozens and hundreds of portfolio simulations and/or scenarios per month, they now benefit from the ability to duplicate every detail of existing proforma portfolios including, portfolio constituents, weights, cash accounts and other custom settings like the calculation frequency, i.e. Daily, Weekly or Monthly, rebalancing, currency hedging, etc. Duplicating existing proformas will save countless hours by eliminating repetitive set-up tasks and allow analysts and portfolio managers to focus on evaluating the impact of adding/deleting managers or rebalancing an existing portfolio. In addition, the ability to run portfolio simulations and calculate all statistics on daily data is a fundamental requirement to comply with the UCITS funds standards and as more and more funds and investors are adapting UCITS registration/standards, PackHedge™ is uniquely ready to satisfy their requirements.

While PackHedge™ v.4.2 is clearly aimed at offering clients ever evolving and increasing efficiencies, it also touts a new Profit and Loss analysis with its integrated Shadow Accounting module.

PackHedge™ by FinLab is the world’s most advanced software solution for Fund investment data management, research and analysis, asset allocation modelling, portfolio management, Fund of Fund Shadow Accounting, Due Diligence and Report publishing. As the industry leader and innovator for fund analysis, FinLab continuously adds new functionality to the latest technology.

http://www.finlab.com