VPM Press Releases
Monarch Alternative Capital LP to Deploy SunGard’s Visual Portfolio Manager
November 5, 2008 — New York
Monarch Alternative Capital LP has selected SunGard’s Visual Portfolio Manager (VPM) as its alternative investment portfolio accounting solution (www.sungard.com/vpm).
Monarch chose VPM primarily for its broad capabilities in handling sophisticated investment products such as bank debt, credit default swaps and various other fixed income securities. The Monarch funds invest primarily in the debt of bankrupt or otherwise financially troubled companies. Monarch’s portfolio managers have a 16-year track record of investing together in distressed debt and are supported by an experienced investment team.
Julie Rice, managing director for SunGard’s alternative investments business in the Americas, said: “Monarch joins a growing number of hedge funds and third parties that are looking to SunGard to provide a technology platform that helps them streamline their operations, reduce their operating risks and scale their business as their assets under management increase.”
SunGard provides specialized solutions designed specifically to address the primary business requirements of the alternative investment space. They range from front-office analysis, trading and portfolio management, and specialist support for private equity transactions; through independent valuation, risk management and daily P&L; to accounting, records and investor reporting. Many SunGard alternative investments solutions are available both as locally installed applications and as outsourced services, e.g. on an Application Service Provider (ASP) basis.
About Monarch Alternative Capital LP
Monarch Alternative Capital LP is a private investment firm with approximately $3 billion in assets under management. Monarch’s investment focus is primarily on the debt of distressed and bankrupt companies. Monarch seeks superior risk-adjusted returns through its research-oriented investment strategy, which leverages its investment team’s extensive experience in the distressed debt market and long-standing network of relationships. Monarch is based in New York and has an office in Israel. For more information, please visit www.monarchlp.com
About Visual Portfolio Manager
SunGard’s Visual Portfolio Manager (VPM), a comprehensive, multi-currency back-office solution and transaction repository, is designed specifically for hedge funds. VPM supports virtually any asset type including equities, fixed income, futures, bank debt (including multi-currency revolvers), repo and swaps. In addition to managing virtually any asset type, VPM provides easy-to-use navigation and the ability to integrate with a variety of systems, as well as external data and information vendors.
About SunGard
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Visual Portfolio Manager are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.