At large fund management firms, the burden of integrating computer systems, data flows and applications often falls on the portfolio manager. Morristown, N.J.-based Armanta aims to change that through a combination of applications and a development framework for automating business processes, letting portfolio managers concentrate on investing.
A fund manager needs to understand risk, rebalance his portfolio, monitor trades and view holdings across several portfolios, explains Peter Chirlian, CEO of Armanta and former managing director and head of the financial strategies group at Prudential Global Asset Management. Typically, a manager needs to access systems from separate silos for each task, and getting them to work together is a challenge.
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