Sandell Asset Management, a US-based alternative asset management firm, has chosen SunGard’s Hedge360 for its portfolio management platform.
Hedge360 will enable Sandell to increase operational efficiency by better servicing its clients through automating processes. It will also offer a hosted, enterprise-wide solution that fully integrates with its trading, risk and operations.
Rick Ecklord, senior managing director of Sandell Asset Management, said: “Reducing our operational costs, strengthening our infrastructure while supporting complex instruments and multiple strategies is on top of our firm’s agenda.”
“As a highly customised solution, Hedge360 meets all of our requirements to help us increase operational efficiency while offering scalability critical to our future business activities.”
Rob MacKay, COO of SunGard’s Hedge360, commented: “Transparency and accountability [are] becoming more critical for both fund managers and investors and a robust technological infrastructure is increasingly integral to day-to-day investment activities.”
“Hedge360’s integrated platform helps achieves operational stability across the full investment lifecycle helping hedge funds to gain the institutional credibility they need to maintain profitability and help achieve ongoing growth.”
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