FinLab SA and Baring Asset Management are pleased to announce the signing and implementation of a Software Licensing Agreement between the two companies for the supply and use of FinLabs modular software platform PackHedge.
(PRWEB) May 29, 2005 -- FinLab SA provides advanced software products and services to investment professionals making asset allocation decisions on both Hedge Funds and Traditional Funds. Mr. Denis de Pentheny OKelly CEO of Finlab SA stated that Baring Asset Management decision to choose PackHedge is a major step forward in the adoption of our products by key players in the Hedge Fund industry. These clients require a complete solution that provides a set of quantitive and qualitative research tools that deliver new levels of efficiency, accuracy and timeliness in their asset allocation and management decision-making processes.
They demanded and received a technology solution that is state of the art and is supported by services that match their evolving business needs as they rapidly deploy their business model into the marketplace".Mr James Cooke, Senior Analyst at Baring Asset Management said PackHedge was chosen by Baring Asset Management after an extensive and exhaustive process of evaluation. PackHedge was selected because of its capability to meet the rigorous standards set by us, specifically in how it was applied to our business processes in research & analysis, financial innovation, portfolio construction, due-diligence and client reporting."About FinLab SAFinLab is a software solutions company that develops, distributes and supports one of the worlds most advanced systems for investment research, analysis and asset allocation for both alternative and traditional funds.The companys 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.The company was formed in 1999 and is headquartered in Geneva, Switzerland.For more information please visit FinLabs web site www.finlab.comAbout Baring Asset ManagementBaring Asset Management is an international investment management firm with investment skills, clients and business locations spanning world markets. Their investment competency encompasses developed and emerging market equity, fixed income and multi-asset portfolio management services offered to institutions, retail investors and private individuals. Worldwide clients include public and corporate pension plans, government agencies, financial institutions, charitable organisations, mutual funds and private individuals. Baring Asset Management is part of the MassMutual Financial Group, a global, diversified financial services organization. Massachusetts Mutual Life Insurance Company (MassMutual) is one of the largest life insurance businesses in the USA.For more information please visit Baring Asset Managements web site www.baring-asset.com
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