(PRWEB) June 30, 2005
FinLab SA is pleased to announce the release of the latest version of PackHedge™, the leading software platform for Hedge Fund and Traditional Fund investment professionals. FinLab SA provides advanced software products and services to investment professionals making asset allocation decisions on Hedge Funds, Fund of Hedge Funds and Traditional Funds.
Mr. Denis de Pentheny OÂKelly CEO of FinLab SA stated that ÂOur objective with this latest release of PackHedge™ was to introduce an array of new features that meets the changing needs of the industry and our clients. With over a trillion dollars now allocated to Hedge Funds with at least $400 million of this amount in Fund of Hedge Funds and given that a number of these funds are delivering lackluster returns it means the astute investor must now be always dynamically allocating and managing their portfolios within dramatically reducing timescales. This enhanced version of Packhedge™ delivers new tools that will enable an investment manager to achieve new levels of sophistication in their asset allocation decision making.Â
The major areas of functionality that will be delivered in this new version of PackHedge™ include the seamless integration of NAV price & NAV return calculations. In the Fund of Funds Portfolio Module, FinLab SA has automatic breakdown calculations by any classification, such as Strategy, Investment Universe, Approach and Generic. It has included the Jarque-Bera Normality Test and the Ljung-Box Autocorrelation Test statistics to our current set of comprehensive analysis tools. In addition we enabled Sharpe, Sortino, Treynor and Alpha Jensen ratios to be calculated using geometric or arithmetic average returns. Also, it has provided an easy to use interface to simplify the import of fund information from data vendors such as TASS, Hedgefund.net, Altvest, EurekaHedge, Barclay and others.
About FinLab SA:
FinLab is a software solutions company that develops, distributes and supports one of the worldÂs most advanced systems for investment research, analysis and asset allocation for both alternative and traditional funds.
As we talk to our current and prospective clients we believe this is another major step forward in satisfying the demands of investment professionals for the supply of new innovative technology tools that gives them a competitive advantage in managing their respective clientÂs investments.
The companyÂs product suite PackHedge™ is a series of state of the art modular software tools that provide an unmatched multi-source, multi-currency, multi frequency qualitative and quantitative data management model. PackHedge™ includes data aggregation, extensive statistical analysis and charting, a multi-dimensional query engine, complete pro-forma portfolio simulation, comprehensive fund of funds portfolio management, and customizable reporting capabilities.
The company was formed in 1999 and is headquartered in Geneva, Switzerland. For more information please visit FinLabÂs Web site http://www.finlab.com.
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