The owners of an online funds management system spun out of the Haines family’s Portland House Group in 2004 are actively marketing for the first time, with “fundamental style” managers and family offices of up to $500 million and 30-odd trades a day the target market. Funds Management Online (FMO) is an integrated fund accounting and front-office portfolio management system, which according to chief executive officer Martin Koopman is a moderately priced solution for investment firms still using spreadsheets.


“You can’t survive on spreadsheets these days, from a compliance point of view if nothing else,” Koopman said. FMO is used pre-trade for portfolio modelling and compliance, post-trade for trade confirmation, for workflow with prime brokers and administrators and reconciliation, and in accounting to record and manage cash transactions with journals and post a chart of accounts. FMO is not an execution management system, but integrates to execution management systems such as Bloomberg, IRESS and Trading Screen.

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