The InvestTech team systematically rebuilt multiple portfolios to accommodate changes in an accountâs base currency in Eagle STARÂ® and to update accounting methodologies. The project involved reposting portfolio transaction activity, integrating currency forwards into the portfolio, and reconciling data to custodian records. The InvestTech consultants also created new reports for return calculations to account for the currency change, as well as the inclusion of currency forwards in the Eagle PACEâ¢ Performance calculations.
As part of the process, the InvestTech team worked with the clientâs operations group to systematically process portfolio transactions from inception, accurately reflect corporate action activity, and reconcile the portfolio against custodian records.
Kevin Coffin, InvestTech Managing Director who oversaw the project work, commented, âThis tactical data conversion project was a great example of InvestTechâs investment accounting knowledge and our capability to add value to our clientâs investment operations and performance measurement teams.â Mr. Coffin added, âA number of our clients continue to utilize our knowledge of the leading investment systems to supplement their middle and back office operations teams and assist with both critical and complex tasks.â