08 Nov 2007
Thomson Financial Launches Thomson PORTIA For Hedge Funds And Thomson PORTIA For Insurance
New York, NY
Thomson Financial, an operating unit of The Thomson Corporation (TSX: TOC,
NYSE: TOC) and a leading provider of information, news and technology
solutions to the worldwide financial community, today announced the launch
of two new applications for Thomson PORTIA targeting the hedge fund and
insurance arenas. Thomson PORTIA, a leading 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.
“This latest enhancement, targeting as it does the hedge fund and insurance
arenas, represents many years of continuous investment in PORTIA,” said
Christy Bremner, Managing Director, Thomson PORTIA. “By expanding its core
capabilities and leveraging new technologies on an on-going basis, PORTIA
today stands as the financial professional’s go-to-choice for managing
assets. It provides users with the flexibility to keep pace with today’s
increasingly complex global investment instruments, from common stocks and
bonds to multi-legged swaps and syndicated loans,” said Bremner.
Thomson PORTIA’s open architecture and integration capabilities enable
real-time integration with other systems, applications, data providers and
counterparties, and facilitates integration with other data, settlement and
analytic solutions. The PORTIA Workspace supports user customized desktops.
The configurable Task Zone allows each user to create a personal view with
immediate access to the most heavily used functions.
About Thomson Financial
Thomson Financial, with 2006 revenues of US$2 billion, is a
provider of information and technology solutions to the worldwide financial
community. Through the widest range of products and services in the
industry, Thomson Financial helps clients in more than 70 countries make
better decisions, be more productive and achieve superior results. Thomson
Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing
essential electronic workflow solutions to business and professional
customers. With operational headquarters in Stamford, Conn., Thomson
provides value-added information, software tools and applications to
professionals in the fields of law, tax, accounting, financial services,
scientific research and healthcare. The Corporation’s common shares are
listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX:
TOC).
Contacts
Janice Addams
Senior Manager, Public Relations
Thomson Reuters
Tel: +1 646 223 6940
Email