4th Story has introduced a new set of tools that aim to simplify workflow and improve efficiency for analysts and portfolio managers.
The tools are targeted at the cumbersome, repetitive tasks that are necessary for PMs to stay abreast of the market and its interaction with the portfolios they manage. The integration of dynamic data from multiple sources often involves complex spreadsheets and repeated tedious interaction with third party terminals and platforms.
The new 4th Story tools build on the firm’s analytic capabilities to automate these tasks and produce reports that are both visually engaging and portable.
“Our objective was to free analysts and PMs from a lot of the data gathering and manipulation busy work that eats up a significant portion of their day,” says Steve Smith, 4th Story’s CEO. “The output unshackles them from their desks and terminals and can even be reviewed on a tablet or a phone during the commute.”
The tools can draw from price history, financial statement data and fundamental statistics of portfolio holdings and relevant benchmark holdings to produce the analytic reports. The business logic behind the reports and visualizations is fully customisable to accommodate the most sophisticated analytics.
“The technology resources available to the analysts and PMs at many asset management firms are limited,” adds Smith. “With these new tools we can help them increase their productivity flexibly and cost effectively.”