SAN FRANCISCO, CA--(Marketwired - May 28, 2014) - 4th Story has introduced a new set of tools to simplify workflow and improve efficiency for analysts and portfolio managers. The tools are targeted at the cumbersome, repetitive tasks that are inherently necessary for PMs to stay abreast of the market and its interaction with the portfolios they manage. The integration of dynamic data from multiple sources often involves complex spreadsheets and repeated tedious interaction with third party terminals and platforms.
The new 4th Story tools build on the firm's vast analytic capabilities to automate these tasks and produce reports that are both visually engaging and portable. "Our objective was to free analysts and PMs from a lot of the data gathering and manipulation busy work that eats up a significant portion of their day," explained Steve Smith, 4th Story's CEO. "The output unshackles them from their desks and terminals and can even be reviewed on a tablet or a phone during the commute."
The tools can draw from price history, financial statement data and fundamental statistics of portfolio holdings and relevant benchmark holdings to produce the analytic reports. The business logic behind the reports and visualizations is fully customizable to accommodate the most sophisticated analytics.
"The technology resources available to the analysts and PMs at many asset management firms are limited," noted Smith. "With these new tools we can help them increase their productivity flexibly and cost effectively."
About 4th Story (www.4thstory.com)
4th Story, LLC's suite of automated trading and analysis products help brokers, hedge funds and institutional traders get their trading ideas to market quickly and efficiently. Multi-asset and multi-currency capable, the products provide rapid testing and implementation of arbitrarily complex quantitative, algorithmic and automated strategies and analyses, all backed by unparalleled support.