SunGard has launched Hedge360, an integrated, hosted service that aims to support the complete investment lifecycle for hedge funds and alternative asset management firms, from portfolio management to risk management, portfolio accounting and reporting with dedicated coverage of convertible arbitrage strategies and independent valuation.
The various solution components are delivered on a Software-as-a-Service basis, allowing customers to choose features and functions to customize a comprehensive solution.
Hedge360 comprises functional components from SunGard’s suite of solutions for the alternatives industry, delivered on a SaaS basis with out-of-the-box interfaces to prime brokers, administrators, order management systems and execution management systems. Customers may select the components of the solution that they require, and can add features and functionality on an as-needed basis to help them manage costs while enhancing support for greater investment complexity. The SaaS delivery of Hedge360 also aims to help customers bridge gaps between front, middle and back office operations by providing them with a single delivery platform to help them meet investment demands.
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Dushyant Shahrawat, senior research director at CEB TowerGroup, said, “Regulators, customers, shareholders and Boards of Directors are all demanding greater transparency, disclosure and better reporting from their asset managers. But meeting these requirements globally in today’s economy is a challenge for many asset managers due to cost pressures, limited skill sets and lack of IT/operational resources. An integrated, Cloud-based solution can help alleviate some of these pain points, by delivering a cost effective service that helps asset managers customize their IT and reporting requirements and still take on investment complexity.”
Martin Boyd, president of SunGard’s Asset Management business, said, “The alternative asset management landscape is facing new challenges with heightened regulatory and investment demands driving a need for greater risk controls and improved reporting and compliance practices. SunGard’s Hedge360 will help firms streamline operations while eliminating the IT burden for growth enablement.”
Sungard’s technology and risk management solutions are widely used by Fx and CFD brokers, Polish giant XTB teamed up with Sungard to offer better connectivity.