Thomson Financial, a provider of news and technology solutions, has announced the launch of two new applications for its Portia targeting the hedge fund and insurance arenas.
Thomson Portia, an investment accounting management system and core transaction processing engine, performance measurement and reporting tool, is now available in two new applications – Portia for Hedge Funds and Portia for Insurance.
Portia for Hedge Funds provides all the tools necessary to properly account for the intricacy of hedge funds. To facilitate management and present a clear picture of any financial situation, Portia offers a customizable investment ledger, strategy builder, and real-time profit and loss analyzer. Hedge exposures are identified by unique security variables within each portfolio, and a corresponding transaction entered against the strategy will be counted toward targets.
Portia for Insurance offers a set of features integrated into the core of Portia, supporting all of the needs of insurance specific firms and firms with insurance as part of their business. Portia for Insurance provides comprehensive data for Schedule D reporting, support for insurance specific ratings and integration with Fiserv Insurance Solution’s Freedom reporting package. The Portia Investment Ledger can maintain multiple-bases, and provide GAAP, statutory and tax reports on any of the bases with a click of a button.