(PRWEB) March 20, 2006
FinLab announces a new release of PackHedge™ and establishes a new standard in price competitiveness by introducing this version at a entry level point below $3000.
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 O’Kelly CEO of Finlab SA stated that “Our objective with this latest release was to restructure the composition of PackHedge™ to allow customers greater flexibility to select the functions and modules that they specifically need for their individual users. We are delighted that this new flexible structure has enabled us to offer PackHedge™ Standard at only $2,900, the lowest price in the market. This market leading price position combined with PackHedge’s™ acknowledged technological and functional leadership will further accelerate our rapid growth. It will also broaden our market appeal by delivering a product that can be easily adopted by new entrants to the Hedge Fund and Traditional Fund investor industry. By positioning the entry level of PackHedge™ below the $3000 price mark, we are now able to make sophisticated research and analysis tools affordable to a much broader audience”.
“FinLab’s dedicated team have worked hard over the past years to meet current and the new emerging needs of the Hedge Fund and Traditional Fund industry by delivering true technological and functional leadership and with this announcement we have now moved to position FinLab firmly as the markets price leader. This combined with our obsession for excellence in customer service and given our never ending quest to constantly enhance existing functionalities as well as adding new features, has set us apart from our competitors”.
PackHedge™ has a robust and proven modular design which gives a company the opportunity to acquire system capabilities normally only affordable to much larger organisations and which can be expanded as and when needs and income afford, allowing the company to grow as its business accelerates.
The entry level product, PackHedge™ Standard provides the essential set of functionality that is demanded by asset allocation decision makers. These include; a full set of Financial Instruments including; funds, indices, currencies, companies and persons. Data Import tools including; all leading data vendors, PACTools to import time series data on many financial instruments at once, and a fully customisable Due Diligence questionnaire to automatically import over 1’300 fields of qualitative and quantitative data on a fund. Research and Analysis tools such as the query builder, single and multi performance analysis including all the statistics used in the industry, and a comprehensive easy to use Custom Reporting module that meets the most demanding of reporting needs.
Further advanced optional modules can be acquired at any time include; an Aggregated Multi- Source Data structure which allows multiple data sources to be aggregated for each instrument, Data Source Ranking by importance, accuracy or quality, Fund of Fund Shadow Accounting which allows the user to book all the transactions in a Fund of Fund, including subscriptions and redemptions both in Funds and by Shareholders, Daily/Weekly/Monthly time series, Currency Hedging, Audit Trial providing source, user and time stamp on all data and many more.
“Finally this new release is the latest delivery from our innovative and robust product strategy which was designed and built by listening to our current and prospective clients. We believe it will meet the ever changing demands of the investment professional for the supply of new technology tools that gives them the competitive advantage they seek in managing their respective client’s investments” said Mr de Pentheny O’Kelly.
About FinLab SA
FinLab is a software solutions company that develops, distributes and supports one of the world’s most advanced systems for investment research, analysis and asset allocation for both alternative and traditional funds. The company’s 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 customisable reporting capabilities.
The company was formed in 1999 and is headquartered in Geneva, Switzerland.
For more information please visit FinLab’s web site http://www.finlab.com
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