PerTrac formally unveils Portfolio Manager for funds of funds and institutions

PerTrac Financial Solutions has announced the commercial release of 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. Version 1.0 of the product follows a beta version released last June.

'Thanks to extensive beta testing by some of our longstanding clients, we've been able to make PerTrac Portfolio Manager even better,' says Gerry Mintz, PerTrac president and chief executive.

'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 and custom data importing, as well as cash availability estimates and improved charts.'

Mintz says PerTrac Portfolio Manager was created to help investment professionals with multi-manager portfolios reduce operational risk, be more productive, make better decisions by having the right information at their fingertips and deliver stronger returns.

The system allows investors to manage their portfolios more effectively by tracking subscription, redemption and notice periods, modelling liquidity across the portfolio, setting alerts for various risk parameters and tracking exposures within a single software tool.

The application was developed in conjunction with Caliburn Capital Partners, a fund of funds manager with offices in London and Geneva. The beta version was tested by various other 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,' Mintz says. 'It improves performance by giving high-level visibility over all aspects of the fund.

'It helps ensure that fund of hedge funds managers do not take greater risks than they intend. They can check portfolio risks 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.'

PerTrac says Portfolio Manager also saves time for front-, middle- and back-office professionals, and allows organisations to scale more effectively, reducing the need for new hires and reliance on IT staff.

As well as helping firms optimise returns and reduce operational risk, PerTrac says, it can increase client satisfaction by improving firms' ability to respond quickly to queries. Investment terms, manager details and fund documents are available immediately onscreen.

Portfolio Manager is the third major software product from PerTrac, following the flagship 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.

The three applications can share information with each other to form an integrated workflow platform. Portfolio Manager is currently available for delivery in several leading financial centres, with global availability planned for later this year.

PerTrac Financial Solutions was founded in 1996 and the PerTrac Analytical Platform is used by more than 1,700 clients in 45 countries, including banks, brokerage firms, consultants, plan sponsors, family offices, investment managers and funds of funds. PerTrac CMS, which came with the firm's 2006 acquisition of Whittaker Garnier, is used by more than 250 alternative investment firms worldwide. The group is headquartered in New York with offices in Memphis, Reno, London and Hong Kong.

Further reading



Upcoming events

4 weeks 3 days from now - Hong Kong
4 weeks 3 days from now - Ulaanbaatar
4 weeks 4 days from now - Dublin
5 weeks 2 days from now - California
5 weeks 2 days from now - California

Upcoming training

Sun, 24/08/2014 (All day) - Dubai
Wed, 10/09/2014 (All day) - London
Mon, 29/09/2014 (All day) - London