Press Releases
SunGard Partners with PerTrac To Provide Integrated Front-to-Back Solution for Funds of Hedge Funds
June 16, 2008 — New York, NY
Increased competition and industry volatility is driving funds of hedge funds to improve organizational and operational efficiencies. In response, SunGard has partnered with PerTrac Financial Solutions to provide an integrated, front-to-back solution for funds of hedge funds and their administrators. The new solution integrates SunGard’s InvesTier with PerTrac’s suite of solutions to provide a fully-integrated investment analysis, portfolio modeling/allocation, portfolio/investor accounting and relationship management solution for funds of hedge funds managers.
SunGard’s InvesTier delivers portfolio accounting, partnership/shareholder accounting and reporting (www.sungard.com/Investier). It will integrate with PerTrac’s suite of investment management solutions which include, PerTrac CMS, PerTrac Portfolio Manager and the PerTrac Analytical Platform.
Gerry Mintz, president and chief executive officer of PerTrac Financial Solutions, commented: “When we launched PerTrac Portfolio Manager in January and strengthened the integration between our existing analytic and CMS platforms, it became clear that integration with a strong back-office accounting platform was the only missing component in our offering. Our partnership with SunGard provides this component, delivering a streamlined workflow that allows managers of funds of funds to focus on achieving and maintaining performance goals and growing their businesses.”
Emanuel Mond, president of SunGard’s alternative investments business, commented: “As the definition of straight-through processing has expanded, this solution offers funds of hedge funds a more seamless, front-to-back platform for managing their investments. Collaborating with PerTrac was a logical choice as they have a proven record of providing analytic and workflow solutions to many funds of hedge funds around the globe. Their trusted solutions in combination with our product offering will offer funds of hedge funds a comprehensive spectrum of tools for the day-to-day management of their funds.”
About PerTrac
PerTrac Financial Solutions was founded in 1996 with the goal of creating a comprehensive suite of software solutions for investment professionals. The company’s products, the PerTrac Analytical Platform, PerTrac CMS and PerTrac Portfolio Manager offer investment analysis, asset allocation, portfolio management, investor relations and investment management tools and are now used by nearly 2,000 clients in 50 countries. PerTrac’s clients include banks, brokerage firms, consultants, plan sponsors, family offices, investment managers and funds of funds. PerTrac Financial Solutions is headquartered in New York with offices in London, Hong Kong, Reno, Memphis and Tokyo. For additional information on the full suite of PerTrac products, please visit www.pertrac.com.
About InvesTier
An investor accounting and reporting solution for the alternative investment industry, InvesTier provides domestic and offshore hedge funds and funds of funds with partnership accounting, fee calculation and equalization accounting capabilities. InvesTier integrates with SunGard’s Asset Arena portfolio accounting system to provide a comprehensive accounting solution for participants in this specialized sector.
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 InvesTier 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.
For more information, contact:
Alex Pearmain/Liz Larvin
Fishburn Hedges
Tel: 020 7839 4321
Toby West, PR & Communications Manager
SunGard Financial Systems
Tel: +44 0208 081 2000
Email: toby.west@sungard.com
Meredith Jones, Managing Director,
PerTrac Financial Solutions
Tel: 1-615-297-4500
Email: meredith.jones@pertrac.com
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