ConvergEx Prime Services Launches Sector Configuration Tool

Sep 24 2013 | 10:36am ET

ConvergEx Prime Services has launched a new sector configuration tool for portfolio managers.

The interactive tool allows managers to create customized sectors and subsectors for each stock in their portfolio so they can drill deeply down into their exposures for performance analytics, risk controls and attribution for P&L reporting.

“This new tool is especially useful for managers who have funds that focus on specific groups or sub-groups of stocks,” said Douglas M. Nelson, chief executive officer of ConvergEx Prime Services, in a statement. “Traditional analytic tools come pre-populated with stocks assigned to certain sectors and industries, limiting fund managers’ ability to run important performance comparisons. Our tool gives them all the flexibility for their specific needs.”

ConvergEx Prime Services, part of the ConvergEx Group, provides integrated prime services to hedge funds, family offices, mutual funds and registered investment advisors.
 


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note