Managing Asset Management

Company Webfolio Issue Manager Support

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Calmar ratio
This ratio helps determine return on a downside risk adjusted basis. It is used to determine return relative to the drawdown (downside) risk for a fund.
The re
turn (numerator) is defined as the compound annualized rate of return over the last 3 years.  Risk (denominator) is defined as the absolute value of the maximum drawdown over the last 3 years.  If three years of data are not available, the available data is used.
Generally speaking, the higher the Calmar ratio, the better. Some funds have high annual returns, but they also have extremely high drawdown risk.

In Webfolio, Contributions From Last Month. Column title on the Evaluation window.

class of a fund
A class typically refers to differences in currency or pricing and/or fee structure and/or redemption frequencies/penalties. A class typically consists of a series of the incremental issuances of funds to reflect revised NAVs of new blocks of share issues. The prior history of a series or a class can often be taken from the lead series, to facilitate variance and volatility calculation.

Comments are text descriptions, notes, research results or background information about an entity record in Webfolio. Comments can be formatted using Rich Text Format (RTF). Text can either be typed into a dialog box, cut and pasted from an external source, or pasted statically or dynamically from a pre-defined comments template.

Constraints are compliance tests that are applied to portfolio properties and their underlying funds. Constraints can enforce investment guidelines, customer compliance limits, or legal restrictions or all of these. Constraints can be placed on such measures as weightings and aggregated weightings (percentage weight of the AUM), number (physical count), and portfolio properties. After a portfolio valuation (P&L calculation), the constraints are tested by the constraints engine and results are reported with the violations highlighted;  or at any time, real-time compliance monitoring and reporting can be requested. Ex ante, or anticipated constraint test results based on allocations (proposed changes to the portfolio) are available in the Front Office module.

constraints categories
Constraints are organized into hierarchical levels called categories. Up to four different levels of constraints (company, management style, portfolio, and manager level) can be monitored and reported in Webfolio.

contact constraint
A Contact number constraint can be created for every user-defined Contact Role. For example, a portfolio must have at least one contact defined as a custodian.

contact group
Contacts are assigned to groups to control access by User groups. Thus confidential contacts can be seen or updated only by authorized user groups.

contact management module
Webfolio’s contact manager. It enables users to manage store contact names, functions, contact information, comments, etc., and associate contacts with accounts, portfolios, transactions, and documents.

Contacts are persons or organizations listed in Webfolio. The contact record includes all the typical identifying information about a contact. Contacts may also include internal persons within your own company or external persons. Contacts should not be confused with the defined term Users; Users are persons who are authorized to use your installation of Webfolio, and they are listed separately.
Documents of all types, email, reports, presentations, etc- can be linked with Webfolio contacts and stored in the Electronic Document Manager (EDM) under the contact name. Webfolio Contacts can be easily synchronized with many popular contact management and email systems such as MS Outlook.

contact role
Every entity like a portfolio, account or operation has one or more associated roles that represent the functions a (person or company) contact might have with that entity. This role may or may not be related to the contact's title or position. For example a manager in a bank may have the role of advisor for a portfolio. A contact can have roles for any number of entities at the same time.

An operation that results in an addition to the funds in an account. Webfolio supports four types of contributions: normal; adjustment; dividend; and interest.

The two principals in a swap transaction. One is a fixed payer; the other is the fixed receiver

corporate action
The corporate actions that are handled by the Webfolio Back Office System are dividend, split or merge. (The merge is also called a “collapse” when applied to a hedge fund series). Corporate actions are executed as linked operations, because a number of activities are usually required with one or more funds.

cumulative return
Performance over a set of periods (or since inception) of a portfolio or a fund.

CUSIP number
Committee on Uniform Securities Identification Procedures. A CUSIP number identifies most securities, including: stocks of all registered U.S. and Canadian companies, and U.S. government and municipal bonds. The CUSIP system—owned by the American Bankers Association and operated by Standard & Poor’s—facilitates the clearing and settlement process of securities. The number consists of nine characters (including letters and numbers) that uniquely identify a company or issuer and the type of security. A similar system is used to identify foreign securities (CUSIP International Numbering System)

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