FMO Announces New Release of FMO Portfolio Management System with New
Reporting and Attribution Analysis Tools
October 13 2009: Melbourne, Australia: FMO, the portfolio management system
for hedge funds with industry leading reporting and attribution analysis, announced
a new release of the FMO system today. The main focus of this release is improved
real-time and historic reporting of fund performance across multiple prime brokers
and custodians–for better trading decisions, to manage counterparty risk, and to give
external clients more transparency.
Paul Lemphers, General Manager of FMO, commented: “The financial crisis has
demanded that Fund Managers need the ability to analyse their performance quickly
and accurately. We have worked closely with clients to help them gain deeper insight
into the performance of their investments by focussing on the sources of growth
over a period of time. All portfolio management systems are able to tell you what a
fund’s Net Asset Value (NAV) and P&L is. FMO is able to tell you the how – how did I
gain this alpha and what parts of my portfolio generated it. This helps fund managers
make better investing decisions and gives better transparency to investors.”
Avis Tang, Chief Operating Officer at Blue Pool Capital, Hong Kong, and FMO client
since 2006 commented: “FMO is an easy to use system with great support that has
helped us manage assets with multiple counterparties, streamline our day to day
operations and improve our fund reporting”. Blue Pool Capital Ltd. is a Hong Kong
based investment advisory firm. Blue Pool Capital has two clients: a family office and
Absolute Partners Management, the manager of the Absolute Partners Fund.
Absolute Partners Fund is an Asia ex-Japan long-short equity fund that launched in
November 2004.
About FMO
FMO (www.fmo.asia) is a new generation portfolio management system that provides
users with an integrated portfolio management system and fund accounting system.
FMO recognizes that post the global financial crisis hedge funds desire to better
understand performance, attribution, volatility and counterparty risk, with an
integrated view across multiple prime brokers, custodians, markets and securities;
while at the same time focusing on fund performance, not software. FMO’s unique
ability to deliver industry-leading reporting with an entirely online solution meets this
challenge.
The FMO portfolio management system was originally developed for the Portland
House Group, a leading private investment firm based in Australia.
Further information:
Paul Lemphers
General Manager
Mobile: +61 419343657
Email: paull@fmo.com.au
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