FMO Announces New Release of FMO Portfolio Management System with New Reporting and Attribution Analysis Tools

Melbourne - 9 October 2009

FMO, the portfolio management system for hedge funds with industry leading reporting and attribution analysis, announced a new release of the FMO system today. The main focus of this release is improved real-time and historic reporting of fund performance across multiple prime brokers and custodians–for better trading decisions, to manage counterparty risk, and to give external clients more transparency.

Paul Lemphers, General Manager of FMO, commented; “The financial crisis has demanded that Fund Managers need the ability to analyse their performance quickly and accurately. We have worked closely with clients to help them gain deeper insight into the performance of their investments by focussing on the sources of growth over a period of time. All portfolio management systems are able to tell you what a fund’s Net Asset Value (NAV) and P&L is. FMO is able to tell you the how – how did I gain this alpha and what parts of my portfolio generated it. This helps fund managers make better investing decisions and gives better transparency to investors”

Avis Tang, Chief Operating Officer at Blue Pool Capital, Hong Kong, and FMO client since 2006 commented; ‘FMO is an easy to use system with great support that has helped us manage assets with multiple counterparties, streamline our day to day operations and improve our fund reporting’. Blue Pool Capital Ltd. is a Hong Kong based investment advisory firm. Blue Pool Capital has two clients: a family office and Absolute Partners Management, the manager of the Absolute Partners Fund. Absolute Partners Fund is an Asia ex-Japan long-short equity fund that launched in November 2004.

New features in this release include:
␣ The FMO report builder is now able to run standard template and custom reports on any of the 1224 data fields in the system. Reports can be either ‘Investment Level’ for the front office, or ‘Accounting Level’ for the back office and include Live/Historical Open Positions, Geography/Sector/Direction/Counterparty Exposures, Account Balances, P&L, Performance Attribution, NAV and Trial Balance.
␣ Reports can also be embedded into Excel spreadsheets. These reports can then be run in Excel using data from FMO without the need to log into FMO.
␣ The FMO Command Line enables users to quickly search for data in FMO (i.e. trades, exposures, prices, rates, etc.) by typing short text based commands rather than clicking through various pages in the system; ␣ Enhanced integration with third party trading systems/execution management systems. Send & receive order/fill data between FMO and various third party trading systems including Bloomberg EMSX, IRESS IOS and TradingScreen. This integration uses the industry standard FIX protocol.

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