- Q -
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 return (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.
speaking, the higher the Calmar ratio, the better. Some funds
have high annual returns, but they also have extremely high
In Webfolio, Contributions From Last Month.
Column title on the Evaluation window.
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 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.
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.
Contacts are assigned to groups to control access by User groups.
Thus confidential contacts can be seen
or updated only by authorized user groups.
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
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.
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
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.
Performance over a set of periods (or since inception)
of a portfolio or a fund.
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)
Top of the page