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.
Hedge Funds
China consumption story trumps US trade concerns
This year’s single-best trade was Chinese mid-cap semiconductor and tech stocks, according to UBS O’Connor's Kevin Russell. This illustrates how China’s domestic consumption economy allows it to combat any trade wars with the US.
Hedge Funds
Alternative strategies in the eye of the storm: Sunsuper’s Bruce Tomlinson
While Sunsuper's access to cash and public market meant its alternatives allocations weren't tapped for liquidity to facilitate early release payments, Tomlinson said he could take advantage of some more liquid ‘hedge fund-type’ investments during tumbling markets.
Hedge Funds
Consultants dial up transparency and culture assessment of alternatives
“Everyone loves to hear about culture now,” according to Willis Towers Watson's Sara Rejal, who noted during a panel discussion at the Absolute Returns Conference Digital 2020 conference on Wednesday that funds are interested in a broader due diligence particularly with its hedge fund and alternative strategy partners.
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