Portfolio Tracking Software and Rebalancer
Efficiency and confidence to support your decision-making is crucial when raising orders. Limina’s Portfolio Management Software (PMS) provides intuitive and streamlined workflows that help you get the job done quickly - regardless of asset class or style of investing.
Powered by a real-time Position & Cash Manager, Limina’s portfolio tracking and modelling software can instantly create any portfolio view you need. For example, if you calibrate to benchmark or model portfolio, Limina will show your calibrated cash position any day in the future (e.g. T+2). You can change any parameter of an existing portfolio and both see and trust the simulated effect.
Portfolio Monitoring Software
Limina offers multiple ways to monitor your portfolios in real-time:
- A dashboard with configurable visualisations of time-series (such as performance), breakdowns (e.g. sector or regional exposure), rankings (such as top contributing positions), and buckets (e.g. duration)
- A pivot table view. You can slice’n’dice on anything you want, including custom classifications. You can see multiple portfolios or funds in the same view and export the data to Excel with one click
- Notifications. You can set the system to notify you when something happens in your portfolio. You can decide what these events should be and trust that the system will catch them. It can be anything from market movements through compliance to data issues identified
All data updates in real-time, including fills, market data and even cash records, as they get confirmed throughout the day at the custodian or accounting. You can read more about the problems with batch processing and how Limina help you overcome them.
When you change any current portfolio, you must see more than the portfolio itself and its cash ladder (scroll down for more). Most of our clients want to compare against benchmarks. With Limina’s portfolio monitoring software, you can see your portfolio currently and after changes - all compared to the benchmark! You can see both in the same view regardless of asset class or grouping (sector, region, etc.).
We want you to be able to see all information, how and when you need it, so you can focus on investment returns instead of spending time managing spreadsheets to make up for shortcomings in the portfolio modelling software.
Look-through of Funds, Indices and Derivatives
Limina IMS allows you to get a view of your actual underlying exposures with our look-through capabilities for:
- Funds, such as mutual funds and exchange-traded funds (ETFs)
- Derivatives, such as futures, options and structured products
As a portfolio manager, I think the system is very user-friendly. It’s a modern, cloud-based system that is very adaptable to my needs in extracting information.
Portfolio Manager at Atle
See the Data You Need: Drill-down or Aggregated
Limina IMS can easily aggregate data when you need to. Our dashboard application provides a birds-eye view of your portfolio data across various analytics such as sector exposures vs. benchmark, duration buckets, firm-level shareholder disclosure limits and more. At the same time, you can drill down into exactly where a number is coming from. In most systems, checking system exposure takes you to exposure per position. In Limina, you can follow it further to see exactly how the system calculated that exposure and what data went into it.
Rebalance and calibrate portfolios with Limina’s Portfolio Modelling Software
A versatile Investment Book of Records engine powers Limina’s rebalancer application. The IBOR engine can instantly build portfolio views (positions & cash) from underlying transactions and simulated orders. When you use the rebalancer, the system creates the entire view from scratch, not just adjusting weights imported from an accounting system. The result is a view that can incorporate any change on any parameter: exposures, durations, target weight, etc. Examples of use cases include:
Calibrate Portfolios to a Changed Model Portfolio
A model portfolio in Limina can be either a bespoke model, such as “Global equities” or “High Yield”. It can also be an exact index if you have index-tracking products.
When a model changes, Limina supports automatic rebalancing to it. Position calibration can be done for one or multiple portfolios at once. Models can be subscribed to as a %, such as if you have a fund that mixes “Global equities” at 60% and “High Yield” at 40%.
You can also exclude certain positions or aggregations before the rebalance is applied, for example, if the rebalancing should exclude a particular asset class or region.
For clients with separate mandates or investment accounts that follow a leading portfolio, we offer convenient tools to replicate orders across the mandates at once (automatically).
Such replication allows for adjustment factors in case of specific restrictions in the mandates. As an example, you can target a % exposure against an issuer in the leading portfolio and automatically raise orders in the mandate portfolios.
You can even take into account if, e.g. a mandate holds an ADR, whereas the leading portfolio holds the actual stock.
Portfolio Rebalancing on Inflows
When you have an inflow into one or multiple portfolios, you can pro-rate it to current holdings in one click. You can rebalance with one client using any target metric, such as exposure for equities and derivatives or, e.g. duration for Fixed Income portfolios. It’s also possible to exclude positions based on any grouping (instrument, sector, region and more) from the rebalancing.
More Order-raising Workflows
- Quick order entry with quantity calculators and multi-entity allocation
- Program trading (incl. import list from external systems)
- Option/future strategies
- Add/unwind directly from portfolio views (e.g. “sell all IBM across all portfolios”)
Forward-looking Cash Ladder
Limina’s Portfolio Management Software provides a forward-looking cash ladder with several key capabilities:
- Detailed position states to see or remove impact from orders depending on their status (e.g., pre-trade, working, executed, or allocated), with cash impact determined by order limit prices or market quotes
- The projected cash impact of, e.g. coupons and dividend payments before ex-date. Even when you simulate a trade, these implicit cashflows are adjusted.
- Ability to include preliminary cash records such as future management fee payments
- Cash can be modelled on portfolio or strategy level and as real cash accounts or synthetic
We believe a Portfolio Management System should help you overcome fragmented workflows, and having an integrated cash ladder is an excellent example of this, saving you the hassle of managing cash in separate solutions and bringing complete cash simulations into pre-trade workflows (both the order-raising and the pre-trade compliance checks).
Ultimately, whichever features you’re exploring, our goal is to help you make more confident investment decisions. Having been investment managers ourselves, we understand that trust in the investment data you’re looking at is paramount.
We started our mission in 2014 with a blank canvas and a set of principles that we believe are critical for how an Investment Management System (IMS) should be built and delivered:
We believe an IMS should enable change by connecting to any 3rd party system or service provider. If you want to launch new funds or change your operating model, an open IMS should make that faster and more cost-efficient.
Trusting the data in the system is essential for Front Office decisions and governance in operational processes. Your team shouldn’t have to spend valuable time tracking down potential issues; the system should find and flag them automatically.
SUPPORTED BY PEERS
We believe the best customer support for Asset Managers comes when the team you work with have experience in Investment Management. Dedicated team members from the industry learn your business and can assist you most effectively.
FRONT-TO-MID & CROSS-ASSET
An IMS should be cross-asset and cover workflows from start to finish without jumping between systems. This increases productivity, allows superior oversight, and enables operational controls.