Third Point selects SunGard's Front Arena

Third Point Partners, a New York-based $4 billion hedge fund trading long/short equity, has selected Front Arena, a real-time, integrated cross-asset trading platform from SunGard. Third Point will deploy Front Arena to manage trading, P&L, risk management and operations, says SunGard. Third Point will use Front Arena to help centralise risk and operational control and manage its trading activity.