According to Stephan Joehri, Managing Partner at AlternativeSoft, âOver the last 8 months we have enhanced our software by smoothing the process of having different database providers. For example, if you subscribe to one of the following databases (Credit Agricole CASAM CISDM, HFR, hedgefund.net, Barclayhedge, Morningstar, Lipper-TASS, Lyxor platform, Eurekahedge), you can now import hedge fund returns directly from a web-central database , with returns automatically updated on a daily or weekly basis . The software automatically recognizes whether our client has subscribed to a database, then downloads the returns directly into the software. Itâs faster, easier, and cost effective. No need anymore for monthly manual updates using usernames and passwords. If the database provider updates its numbers daily, our clients are able to automatically update their numbers daily.
The next software release (mid 2009) will help financial advisors and IFAs to build diversified portfolios with more liquid and transparent assets, without being exposed to equity market losses; Quite a challenge given 2008 volatility.