|
|
By Beverly Chandler, Opalesque London:
Anyone who operates in the alternative space is a natural customer for SunGard’s Alternative Investments says Tim Green who is head of the business.
The alternatives focussed business came about after a series of acquisitions had left SunGard with 65 divisions competing against each other, often pitching for the same business. A process of rationalisation and consolidation in 2007 brought the 65 units down to 14 of which the alternatives business is just one.
Within that business there are seven products aimed at the alternatives market: APT, a risk management product; Front Arena, a portfolio management product; Monis, an analysis, modelling, pricing and trading tool largely aimed at convertibles; InvesTier, an investor accounting solution for funds; Investran, aimed at the private equity market; VPM, a portfolio accounting solution for hedge funds and FastVal, an independent portfolio valuation product for derivatives and structured products.
Green reports that post-rationalisation, the years of 2007 and 2008 were good years but 2009 and 10 have seen a number of changes. "Over 2009 and 2010 a lot of our customers struggled" Green says. "People were losing their jobs and assets were flowing out of funds. We saw our revenues decline but there was a flight to what is seen as a less risky vendor and we are so large and well funded and stable, that we benefited."
Since the financial crisis, Green has observed an increase...................... To view our full article Click here
|
|
RSS
