Heuristic Investment Systems :: FixedInterest Engine

Generating intelligence for investment decision makers

Heuristic Investment Systems’ fixed interest engine is designed for the Australian Fixed Interest Manager and covers the universe of Australian securities. The fund manager is free to focus on investment decision making while the fixed interest engine looks after total portfolio and compliance risk and monitors performance.

	Portfolio Analytics		Security Pricing
	With the fixed interest engine the client defines the way they want to analyse the portfolio. An analysis matrix can be developed using maturity bands, sectors, industries, credit ratings as well as portfolio characteristics such as weight, duration, 10 year futures equivalents, convexity and yield both in absolute terms and relative to benchmark. A portfolio’s holdings in another portfolio can be included in the portfolio analysis and compliance monitoring. view... view...		Heuristic Investment Systems aims to price and analyse the universe of securities available to Australian investors including bonds, semi’s, corporates, swaps, options, index linked, repo’s, FRN’s, MBS’s, perpetuals, hybrids and "look-through" securities. view...
	Compliance Monitoring		“What if” or Trial Trade Analysis
	The fund manager can monitor and control mandate and compliance risks. Portfolio mandate restrictions are input into the system and the fund manager will be alerted if a proposed trade or current portfolio position is in violation of a restriction. Investment strategy targets (eg duration, curve, sector, security) can be set up as restrictions to ensure consistency with the stated strategy targets and across portfolio’s with similar mandates. view...		With the fixed interest engine the fund manager can view the impact of a range of possible trades on the key portfolio risk measures as well as test whether the proposed trades breach any mandate restrictions for an individual client or group of clients. The fixed interest engine provides a list of the possible transactions a fund manager could implement to achieve a desired portfolio position. A process of deal authorisation and a mandatory deal comment provide additional compliance safeguards. view...
	Benchmark Creation and Monitoring		Performance Tracking
	The fund manager can define and create their own benchmark. For example, a client benchmark may be a mix of the bill and bond index or a benchmark may be created to exclude securities on the basis of rating or size.		The fund manager is able to track the performance of the portfolios on a daily basis in both tabular and chart form. view...
	Custom Portfolio Reporting		Sensitivity Analysis
	The fund manager defines their format for portfolio analysis and benchmark comparison and can produce a range of custom reports that can be downloaded into client and consultant reports. view...		The fund manager may establish a range of user-specified scenario’s detailing changes in the level, slope and curve of the term structure of interest rates and in spreads and assess the impact on portfolio returns relative to benchmark. view...
	Security Historical Pricing and Charting
	The system maintains a database of historical daily yields for all securities enabling easy charting of yields or spreads. New issues are automatically added to the database. view...