TORA, provider of the industry’s most-advanced cloud-based order and execution management system (OEMS), today launched its TORA Rebalancing. This new solution is natively integrated within the TORA platform and helps asset managers reduce risk and improve workflow efficiencies around the portfolio rebalance process.
TORA Rebalancing helps portfolio managers rebalance the allocation/weightings of a portfolio’s assets in order to maintain its risk-return characteristics, which can get out of alignment over time as the value of various assets change. In addition to facilitating rebalances, the solution also helps firms manage subscriptions and redemptions, construct portfolios, synchronize separately managed account (SMA) and primary fund portfolios, and share and repurpose portfolio models.
Independent of the frequency that rebalancing needs to be performed, the process should be as efficient as possible and factor in various compliance, risk and allocation guidelines. As part of the TORA platform, TORA Rebalancing is integrated with the platform’s compliance, risk and trading capabilities to further reduce risk and streamline the rebalancing process.
The product has recently been added by Jin Investment Management, a Singapore-based hedge fund that has used TORA’s OEMS for several years, to help the firm reduce risk and improve their portfolio rebalance workflow.
“Up until now, rebalancing our portfolios was a manually intensive and tedious process that distracted our PMs and traders,” said Jin COO Chris Blight. “We are now able to trust the TORA platform to do the all calculations and compliance checking automatically, saving us time and providing peace of mind that nothing is being missed.”
Robert Dykes, TORA CEO, commented: “Chris and Jin Investment Management have been clients of ours for several years and it was great to collaborate with them on developing our new rebalancing capabilities. We are thrilled when we can partner with our clients to develop solutions that can help them reduce their operating costs and focus their time on making better investment and trading decisions.”