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Scott Alintoff By Beverly Chandler, Opalesque London:
Hedge fund group EJF Capital has selected SunGard’s VPM and InvesTier to help automate its portfolio and partnership accounting operations from a single platform.
EJF will now be able to maintain a consistent and transparent procedure for portfolio and partnership accounting, timely and accurate reporting, and real-time actionable information for all funds and investors. The integration between SunGard’s VPM and InvesTier will help EJF manage all portfolio and partnership accounting and reporting responsibilities from a single platform to help eliminate operational risks and enhance the integrity, transparency and effectiveness of its back-office accounting and portfolio management operations. Consistent with industry best practices, the integrated solution will help EJF consolidate and streamline its operational process, track complex portfolios and instrument types, and provide a quicker response time.
Scott Alintoff, chief operating officer for SunGard’s VPM and InvesTier products comments: "The most interesting thing about the EJF decision is that it reflects the growing trend of combining the VPM and InvesTier solutions for our customers who want straight through processing."
In the past, hedge funds might piece together disparate offerings or build something internally. "Now it seems when we speak with prospects or customers they want one system that generates activity from end to end," Alintoff says.
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