Fund

A fund represents a portfolio position, including all entities and properties that are needed to represent the position and compute its metrics.

For example:

• entities may be transactions and prices (via series),
• properties may be classification values, e.g. sector or strategy, some of which may even be historized.

There is a specific implementation of Fund for every asset class type.

Every specific version may have additional properties and even a specific way to implement the computation of a given metric.

Dynamic properties

Some properties are dynamic, meaning that they are not stored in data but computed with a logic that depends on the internal state of the entity (at a given date).

Open/Active

A fund is considered open if its market value is not zero, or if it has no series or no transactions (i.e. a newly create one).

Closed

A fund is closed if is not open.

Inactive

A fund is inactive (in a given period of time [t1,t2]) if it is closed at t2 and open at t1 and has a non-zero PL in the period.