Advent Software, Inc announced the second version of its Profit and Loss (P&L) Tool. This unique functionality is embedded in Advent’s Moxy trade order management system, giving hedge funds the flexibility to define multiple views and groupings of a fund’s positions. Moxy(R), most recently upgraded to meet the specific demands of hedge funds, is used by more than 700 firms world wide.
With the Moxy(R) P&L Tool, hedge fund managers can view their positions grouped by strategy, sector, or daily performance.
The Moxy(R) P&L Tool is integrated closely with Advent’s portfolio accounting and management systems, allowing hedge fund managers to easily view fund positions down to the tax-lot level, and view month-to-date, quarter-to- date, and year-to-date P&L information — a unique feature. The tool also can be accessed throughout a firm regardless of how many employees in the firm are using the full Moxy(R) application.
“The Moxy(R) P&L Tool empowers hedge funds to distill and view the profit and loss information they deem most important, all in real-time,” said Mike Gamson, director of Advent’s trade order management and compliance business “Armed with this information, managers are then able to react efficiently and strategically to the opportunities they see in the marketplace.”