we are able to offer our clients a tool that delivers instantaneous dynamic quantitative analysis of funds, funds of funds, pro-forma portfolios and indices. Fulfilling the requirements of investment decision makers to have quick and convenient access to key quantitative statistics and charts, this latest version of PackHedge includes
Geneva, Switzerland (PRWEB) July 31, 2007
FinLab is pleased to announce the latest enhancements to its breakthrough product PackHedgeTM, which include "Quick Stats" for funds, funds of funds, proforma portfolios and indices, the latest methodologies for portfolio optimisation and portfolio modelling capabilities, scenario analysis and significant improvements to the methods with which it identifies and merges duplicate or multiple records form all data sources into a single aggregated record. PackHedge™ is the industry leading software for investment data management, research, analysis, asset allocation modelling and report publishing.
"Our clients have long favoured the functionality, flexibility and versatility that PackHedge delivers and now with the addition of "Quick Stats" we are able to offer our clients a tool that delivers instantaneous dynamic quantitative analysis of funds, funds of funds, pro-forma portfolios and indices. Fulfilling the requirements of investment decision makers to have quick and convenient access to key quantitative statistics and charts, this latest version of PackHedge includes "one-click" calculations of returns, risk measurements, performance ratios, benchmarks regression analysis and drawdown analysis.
In addition, "on-the-fly" options allow the user to easily modify analysis periods, data frequencies (daily, weekly or monthly), benchmarks and the data source(s) to be used for Quick Stats. This integrated tool meets the needs of management, sales and marketing and all investment professionals who require a comprehensive quick snapshot of assets performance at their fingertips. We have also added a Portfolio Optimisation Report which calculates and produces the ideal weightings for a portfolio to optimize returns versus Volatility, Sharpe, Omega, Historical VaR, Normal VaR, Modified VaR or Largest Drawdown. This combined with other analytical reports such as Scenario Analysis and Rolling Regression Analysis allows users to easily compare assets to obtain several graphical representations of how adding/removing managers or varying weightings will affect the performance of a portfolio." says FinLab CEO, Denis de Pentheny O'Kelly.
While the "Quick Stats" will be the most noticeable enhancement to PackHedge, there are also numerous new but equally valuable additions which include a Bloomberg Data License import tool. This interface allows the client to import Bloomberg data which meets their specific needs directly into PackHedge™ via a Bloomberg Data License subscription.
Working with our Data Vendor partners we have simplified and enhanced the import of their data so that information produced by them is easy to aggregate, quick to access, timely and accurate. This coupled with new matching algorithms and data diagnostic tools has enabled us to enhance the method by which PackHedge merges and aggregates multiple sources of fund data into one clean and duplicate-free aggregated database. PackHedge is the first and remains the only solution capable of creating a single aggregated database from numerous commercial databases while still maintaining the integrity of each individual source.
In response to market demand PackHedge is now fully Microsoft Windows Vista and Office 2007 compliant allowing our clients to migrate seamlessly on to this new industry standard operating system platform as and when they choose.
Our product development strategy is always based on our ability to gather client feedback and quickly incorporate it into future releases. The incorporation of these new features is a prime example of how the evolution of our product is highly driven by customer demand. This release of PackHedge puts us further ahead of our competition in terms of price, functionality and performance and we still have the lowest entry price point in the market offering superior functionality and greater ease of use," adds de Pentheny O'Kelly.
FinLab is a software solutions company that develops, distributes and supports 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 portfolio simulation and optimisation, comprehensive fund of funds portfolio management, and customisable reporting capabilities. In addition, tools to manage time series imports and customisable due diligence questionnaires are provided to ensure full data integrity.
The company was founded in 1999 and is headquartered in Geneva, Switzerland.
For more information please visit FinLab's web site http://www.finlab.com
Or please contact Mr. Mike Swalwell on +41 22 908 2700.