JCF and Qualex Introduce New Risk Management Techn

September 17, 2002 at 08:00 PM
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A Technology Round up

BERKELEY, Calif. (HedgeWorld.com)–Quantal International and JCF Group are releasing new software, JCF Quant-Risk and Quantal PRO-JCF.

JCF Quant-Risk gives conditional projections for stock and portfolio volatility, tracking error and a multi-factor based beta in a module that links to JCF Quant, which is a portfolio management system. Quantal PRO-JCF is a web-based equity portfolio risk management and optimization system that gives users the tools to construct and rebalance equity portfolios.

Quantal Asset Management, a wholly owned subsidiary of Quantal International, was an early U.S. subscriber to JCF's financial data and modeling capabilities. The asset management firm operates U.S. and European long/short equity market-neutral funds. London-based JCF now works with more than 450 institutional firms. Working with Quantal, JCF is now adding Quantal's risk management capabilities to its software offerings.

Quantal International's client base, which is predominantly alternative investment firms, also includes large institutions. Quantal is known for its research and development team, which has both Stanford University and U.C. Berkley affiliations. Its core technology focuses on risk-return models for global equities and equity-related securities. The models allow users to develop and apply a wide range of portfolio and basket trading strategies, according to Quantal.

Quantal's Chairman Larry Tint has a long history in the institutional investment industry. He joined Quantal from Barclays Global Investors, where he was vice chairman and member of the global management committee. Mr. Tint now serves as chairman of Excalibur Advisors, an alternative investment manager. Before BGI, Mr. Tint was president of Sharpe-Tint Inc., an investment management and consulting company specializing in asset allocation for large institutional investors he formed with William F. Sharpe.

Beauchamp Financial Starts Implementation Program

LONDON (HedgeWorld.com)–The goal of Beauchamp Financial Technology's a new program is to help clients implement their software.

The Certified Partner Program is part of the company's strategy in growing its base in the institutional investment management arena, which is known mostly for its hedge fund technology. The program is slated to use the software implementation resources of global third-party consultants that are approved and trained by Beauchamp.

Partnerships have become a strategic part of Beauchamp's business recently. In July, the firm made a deal with International Fund Administration to allow IFA to sell install and support Beauchamp's offerings through its technology division. The hedge fund administrator will be able to sell front-end portfolio management tools and trade order entry systems that offer both real time and historical profit and loss analysis through the agreement.

"Now with BFT working with some of the best recognized implementation firms in the business, the total package looks compelling from an institutional point of view," A Beauchamp client, Peter Dale, director of Pavilion Asset Management, said in a statement.

Private Foundation Technology Gets an Update

NORWALK, Conn. (HedgeWorld.com)–Foundation Source is offering its latest version of its investment software for private foundations, which now includes alternative investment tools.

Foundation Source offers services to private foundations and partners with financial institutions to give them an online tool's for their affluent clients setting up a wealth management plan.

New Version 5.0 is a system that can be linked with investment accounts at most major financial institutions with administrative and philanthropic service tools. The software was built to be offered by financial advisers and financial institutions as a service to their affluent clients as part of an overall wealth management strategy.

The Foundation Source update includes access to multiple investment accounts so foundations can have more than one investment account attached to the foundation. It is also useful now for alternative investments that are donated to the private foundation, such as insurance policies, hedge funds and certain real estate investments. The firm also offers foundations administrative services and online tools for grant making, researching charities and 24-hour access to foundation information and records. Later this year, the technology will be enhanced to include awards and scholarships info, grant certificates, an online philanthropic profile engine, public foundation websites and content from leading philanthropic organizations.

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