Applications

Synchronized Solutions Allow Clients to Focus on Their Strategic Objectives

Proprietary Technology Tools
BearPrime.com®
BearPrime.com® is a comprehensive and intuitive website providing secure 24x7 access to your portfolio, including positions, transactions and performance information. The website is a portal to research information, market data and other Bear Stearns applications. Its portability and customizable homepage enable immediate viewing of critical portfolio information, while offering value-added features, such as:

• Daily and Historical Portfolio Reports
  View a wide array of reports, i.e., daily, weekly, monthly, quarterly, and yearly. Statements and 1099s are also provided.
• Customized Report Generation
  Create portfolio and transaction reports on an “as-needed” basis. View, print, or create reports in CSV file format for use in other applications. Save numerous report versions for one-click access at a later date.
• Intraday Transactions
  View intraday transaction activity for periods of up to 18 months.
• Portfolio Performance Tracking
  Measure a graphical presentation of historical portfolio performance against a selection of market indices. Compare standard statistical portfolio measurements (regression analyses, portfolio returns, performance ratios, etc.) against selected market indices.
• Trade Reporting Capabilities
  Seamlessly report domestic and international trades executed away from Bear Stearns.
• Continuously Updated Market Information
  Obtain quotes, research, and news on diverse companies. Keep abreast of market conditions through current market commentary. Easily review earnings estimates, actual company earnings, earnings surprises and company financial statements.
• Access Other Applications
  • OSA
    Online Systems Access empowers clients to perform a variety of portfolio functions, including margin, portfolio positions, pricing and portfolio transactions.
  • ESL
    Global Electronic Stock Loan^SM (ESL) is a website that provides access to Bear Stearns Stock Loan Desk. Users can search the easy- and hard-to-borrow lists to receive automated, real-time approvals for short positions. The interactive locator feature requires only the stock symbol and number of shares to instantly find individual short positions. For most requests, this application's easy-to-borrow function eliminates the need to call the Stock Loan Desk for approval.
  • BearTRACS^®
    BearTRACS^® enables clients to manage and monitor their futures account activity in all markets via the Internet. Clients can view trade and portfolio information, including detailed P&L, previous and intraday activity, current positions, and cash movements (e.g., deficits, excesses and liquidity requirements). Its advanced order-matching feature reconciles same-day trade executions and confirms trades while identifying discrepancies and errors. In addition to printing confirmations and various historical statements, BearTRACS allows clients to conveniently download account information in Microsoft Excel^® or as a CSV file format.

BearAccess
BearAccess makes Bear Stearns’ portfolio data directly accessible via a Microsoft Excel^® add-in, which can create or adapt customized spreadsheets. BearAccess fluidly interacts with all Excel functionality, other add-ins, and third-party market data feeds. Intuitive user-interface features, such as the BearAccess Wizard, further streamline functionality.

Proprietary and Third-Party Reporting

Performance Reporting
Bear Stearns’ proprietary web-enabled reports allow hedge fund managers to track the performance of both individual and pooled accounts. Performance-based reports include daily, monthly, quarterly, year-to-date, and inception returns versus client-selected indices. Capital flows are weighted in accordance with AIMR recommendations and all income and expenses are fully accrued to ensure accurate returns. The reports also include the ability to consolidate assets held at other institutions and are available in data file format.

Risk Management Reporting
The Risk Analysis and Control System^® (RACS^®) is a global risk management reporting system designed to monitor the market liquidity and concentration of client portfolios, both in real-time and next-day reporting modes. Complex proprietary analytical models generating potential profit/loss outcomes stress test client positions in more than 200 hypothetical market scenarios.

RiskMetrics^®
To supplement the functionality of RACS^®, we use RiskMetrics' flagship, web-enabled market risk tool, RiskManager^TM, to quantify the risk of hedge fund client holdings. RiskManager provides hedge fund managers and their investors with a full suite of interactive tools for measuring risk across all asset classes. Delivering an extensive degree of control when assessing the volatility of a portfolio, asset or liability, RiskManager incorporates value-at-risk methodologies with advanced stress testing and what-if scenarios.

Transparency Reporting
Hedgeviews.com^SM is an Internet application providing hedge fund managers with a secure and flexible means for distributing fund information to their investors. Its features include:

• Fund manager control of report creation, modification, distribution and deletion
• Sample transparency reports tailored to specific strategies
• Selection from a variety of data fields, choice of field precision and data display within charts and tables
• Selection of daily or monthly report distribution to investors
• Online report help
• Electronic receipt of Bear Stearns messages

If you are currently invested in a hedge fund that clears through Bear Stearns and would like to gain access to the Hedgeviews.com^SM web site, apply for a User ID via our secure online form.

Statistical/Attribution Reporting
BearPrime uses the PerTrac 2000^TM engine to calculate and display a comprehensive array of statistical measurements, such as standard deviation, beta, risk/return ratios, monthly returns, and comparative performance analyses of client portfolios versus client-selected indices. This statistical analysis is available to any client using BearPrime.

Proprietary Trading Solutions
Real-Time Trader^® is a state-of-the-art PC-based portfolio trading application that uses advanced technology to flexibly monitor, execute and process equity trades in multiple currencies, 24 hours a day in markets all over the world. The system provides the infrastructure to consistently deliver professional portfolio trading executions by managing market impact. It offers:

• In-depth Pre-trade and Post-trade Analytics
• Portfolio Pricing
• Comprehensive Real-time Risk Management and Graphics
• Client-Defined Reporting
• Connectivity to Virtually Every Third-party Trade Management Application
• Electronic Algorithmic Trading

BearTrade^® is a Windows^®-based order-entry system that routes trades in listed and OTC equities, options, mutual funds, and listed bonds. Delivered through a dedicated circuit or Internet connection, this integrated platform gives clients execution capabilities through exchanges and all leading electronic communication networks (ECNs). Clients can also report trades executed away from Bear Stearns in real time, receive trading day P&L and customized data views.

FX Execution ^®
FX Execution^® offers access to the firm’s 24-hour foreign exchange trading desk, including market access and pricing deals on any amount and currency, spot and forward execution capabilities, reports displaying currency positions and trade history, as well as a wide range of research tools.

Bear Stearns FIX Network uses FIX protocol to enable clients to direct orders and information to Bear Stearns and multiple liquidity points, such as domestic exchanges, ECNs and market makers. The experienced FIX team can establish interfaces with a proprietary or third-party order management application. This wide array of connectivity solutions affords clients numerous options and the freedom to choose solutions that best fit their needs. In addition to trading, the FIX Network allows hedge funds to communicate specific instructions to Bear Stearns, including account allocations and more.