Grant Capital Partners Goes Live With SunGard’s Sierra for its Trading Activities
London – September 22nd 2009 – Grant Capital Partners, a macro hedge fund that trades in liquid products, has gone live with SunGard's Sierra, a real-time trading, risk and position management solution delivered by SunGard to Grant on an ASP (application service provider) basis. Grant selected Sierra to help it manage its cross-asset trading activities. Sierra helps Grant manage its operations across instruments including FX cash, FX options, exchange-traded futures and options, fixed income and interest rates.
Sierra's connectivity capabilities give Grant a straight-through processing (STP) trading solution that helps remove the need for duplicate manual entry. Grant's traders can execute transactions on several different trading platforms, which are then imported and routed to the correct portfolios within Sierra and exported in real time to the appropriate prime brokers and fund administrators. In addition, Sierra helps Grant view and maintain consolidated positions and P&L information in real-time, across its diverse portfolios. Finally, the provision of the solution on an ASP basis means that Grant has been able to keep the total cost of ownership low.
Stephen T. Lisenby, chief operating officer at Grant Capital Partners, said: "SunGard's Sierra has given us exactly what we needed: a real-time position management system that is able to handle multiple interfaces, straight-through processing and instrument types. SunGard's flexible approach to the solution's connectivity also meant that together we were able to build new connections quickly and easily. Other vendors say they can support multiple interfaces with different trading platforms, prime brokers and administrators, but SunGard has proven that they can actually do it."
Jim Dennelly, senior vice president for the Sierra solution in SunGard's capital markets and investment banking business, commented: "This particular implementation showed just how robust and flexible our solution is. Deploying Sierra on an ASP basis helps Grant concentrate on its core business, executing a macro hedge fund strategy not maintaining software, while still in control and connected to their prime brokers to maximize liquidity. Sierra will also assist Grant in gaining a real-time view of its positions within the market and in handling its complex interface requirements. Using Sierra will help Grant realize gains in efficiency and transparency with costs under control"
About Grant Capital Partners, LLC
Grant Capital Partners is a group of investment professionals based in Santa Barbara, California who implement multiple investment strategies across equity, interest rate, foreign exchange, commodity and credit markets, structured with liquid and fixed-risk instruments. Grant Capital Partners is the creator and manager of the LiquidMacro Fund, Ltd.