Daily Hedge Fund Information Feed Launched
by Carla Johnson, Investors Offshore, London
27 December 2006
Eurekahedge and FinLab announced last week that with immediate effect, they
are providing daily feeds of the Eurekahedge Fund Database through PackHedge,
enabling their mutual clients to track, analyse and act on this information
in a timely, accurate and a more frequent basis.
Mr. Denis de Pentheny O’Kelly, CEO of FinLab S.A. said ”Our clients
worldwide demand that PackHedge’s rich analytics and reporting tools are
applied to the most current data available from hedge funds, regardless of location
and reporting source of these funds. As such, Eurekahedge and FinLab are deeply
committed to making sure that data published by hedge fund managers, administrators
or custodians are delivered rapidly, accurately and securely to our mutual clients.
In turn, PackHedge clients benefit directly in being able to apply the world’s
leading edge analytics, charting and reporting tools embedded within PackHedge
to the most recent and accurate data available from the hedge fund community.
Such capability, which includes true performance analysis on a daily data, brings
direct benefits to our clients in their ability to understand and manage their
investment portfolios in an ever increasing volatile market. They must quickly
generate complex analyses and reports accurately and respond to changes in an
informed way and without delay to the numerous alpha and beta factors that influence
the professional asset allocators’ decision making on a daily basis”.
Mr. Alexander Mearns, Managing Director of Eurekahedge said, “We are
delighted to have worked with FinLab to deliver this industry-first capability
so swiftly to our mutual clients. With hundreds of new hedge funds entering
the market every month, our investor clients increasingly demand the latest
performance numbers from these new and existing funds. Now this data will not
only be available from the Eurekahedge database but also through the powerful
analytical PackHedge application on a daily basis.”
FinLab is a software solutions company that develops, distributes and supports
one of the world’s most advanced systems for investment research, analysis
and asset allocation for both alternative and traditional funds.
The company’s product suite PackHedge is a series of state of the art
modular software tools that provide an unmatched multi-source, multi-currency,
multi frequency qualitative and quantitative data management model. PackHedge
includes data aggregation, extensive statistical analysis and charting, a multi-dimensional
query engine, complete pro-forma portfolio simulation, comprehensive fund of
funds portfolio management, and customisable reporting capabilities. In addition
tools to manage time series imports and customisable due diligence questionnaires
are provided to ensure full data fidelity. The company was formed in 1999 and
is headquartered in Geneva, Switzerland.
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