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
AMP Capital co-investing alongside hedge funds to add idiosyncratic returns
Seeking reduced correlation to other strategies such as equities, AMP Capitals’ Anastassia Juventin says co-investment aims to enhance the idiosyncrasy of hedge fund return streams.
Hedge Funds
Bridgewater sees $41 trillion hole in income
The world's largest hedge fund has built macro programs that identified the global income shortfall as well as the winners and losers from the downturn.
Hedge Funds
Statewide’s Michalakis: No choice but MMT
Con Michalakis, the head of investments for the $9.4 billion Statewide Super, said a focus on tax and fiscal policies should be central to Canberra’s response to the coronavirus crisis.
Receive our latest articles, profiles, news and event invitations direct to your inbox.
The leading superannuation, institutional investment and fund management publication in Australia.