Increased competition and industry volatility is driving funds of hedge funds towards improving organisational and operational efficiencies. SunGard and PerTrac Financial Solutions have announced a new strategic partnership to offer an integrated, front-to-back software solution for funds of hedge funds and their administrators. The new service will integrate SunGards InvesTier with PerTracs suite of services.
SunGards InvesTier delivers portfolio accounting, partnership/shareholder accounting and reporting. It will integrate with PerTracs suite of investment management services – which includes PerTrac CMS, PerTrac Portfolio Manager and the PerTrac Analytical Platform -to provide specific benefits to funds of hedge funds. These will include a fully-integrated investment analysis, portfolio modeling/allocation, portfolio/investor accounting and relationship management solution for funds of hedge funds managers, as well as complete software support for funds of funds portfolio managers, finance, operations and marketing groups.
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, says Gerry Mintz, president and CEO, PerTrac Financial Solutions.
As the definition of straight-through processing has expanded, this partnership solution offers funds of hedge funds a more seamless, front-to-back platform for managing all of their investments. Partnering 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 full spectrum of tools for the day-to-day management of their funds, says Emanuel Mond, president of Alternative Investments, SunGard.