PerTrac Financial Solutions has commercially released its newest product, PerTrac Portfolio Manager, a software application designed to help funds of funds and institutional investors create, monitor and manage multi-manager portfolios of alternative investments.
“Thanks to extensive beta testing by some of our longstanding clients, we’ve been able to make PerTrac Portfolio Manager even better. Some of the enhancements we’ve added include additional exposure grids in the Risk Monitor feature, the ability to trade currencies through spots and forwards, custom data importing, as well as cash availability estimates and improved charts,” says Gerry Mintz, president and CEO, PerTrac.
PerTrac Portfolio Manager was created to answer a need in the marketplace, helping investment professionals with multi-manager portfolios to reduce operational risk, be more productive, make better decisions by having the right information at their fingertips and, as a result, deliver stronger returns.
The system allows investors to more effectively manage their portfolios by tracking subscription, redemption and notice periods, modeling liquidity across the portfolio, setting alerts for various risk parameters, tracking exposures and more, within a single, comprehensive software tool.
The application was developed in conjunction with Caliburn Capital Partners, a fund of funds firm with offices in London and Geneva. A beta version was released in June 2007 and tested further with several additional fund of hedge funds clients in London, Geneva and New York.
“PerTrac Portfolio Manager is a significant value-add for an organisation managing multi-manager, alternative investment portfolios. It improves performance by giving high-level visibility over all aspects of the fund. PTPM helps ensure that fund of hedge funds managers do not take greater risk than they intend. They can check portfolio risk at a glance with customisable charts, set risk limits and risk flags, and keep checks on portfolio, geographic and strategy limitations. The system is designed and tested to promote risk reduction,” says Mintz.
The new application is the third major software product from PerTrac, following the PerTrac Analytical Platform, used for investment analysis, asset allocation, and performance reporting; and PerTrac CMS, used for managing key aspects of the investor relations, capital raising and investment management workflow.
All three applications will be able to share information with each other to form an integrated workflow platform. PPTM is currently available for delivery in several key financial centers, with global availability planned to later in the year.