MEDIA RELEASE PR39862
FMO to Provide Global Solution to Australian Short Position Disclosure Requirements
SYDNEY, Australia, June 4/Medianet International-AsiaNet/ --
FMO (www.fmo.asia), the next generation portfolio management system for global hedge funds,
announced a new service today that enables asset managers to comply with ASIC Short Selling
Disclosure Requirements as outlined in RG196 - Section D.
"The alternative investments industry is in a period of increasing regulatory change, on a global scale.
Funds must have systems in place that can quickly adapt to comply with new regulatory requirements
as they arise without compromising their underlying strategies." said Paul Lemphers, Director-FMO
Asia. "This will be an increasing focus for investors as part of their due diligence process".
The ASIC Short Position Reporting Service offered through the FMO Portfolio Management System
will enable clients to upload their short position reports to ASIC using the FMO FIX engine.
"We are also providing a simple low cost service for news clients who are not currently on the FMO
platform." said Mr. Lemphers.
ASIC have advised a 'No Action' relief period until the 21st June 2010 to allow funds more time to
implement a solution to comply with RG196 from that date.
For more information, please contact FMO Head of Client Services, Cora Tang on (613) 9664-8364 or
email enquiries@fmo.asia
About FMO
FMO is a multi-currency, multi-asset class portfolio management system that helps asset managers
keep track of their investments as well as help streamline their middle and back office operations. It is
an online system that comes with powerful reporting capabilities to give asset managers full control as
to how they view their fund's live or historical performance anytime, anywhere. Our staff adapt the
system to meet the specific needs of our clients, including connections to external trading and risk
management systems, prime brokers and administrators. FMO - We're as flexible as you are!
SOURCE: FMO Asia
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