SunGard, PerTrac ally to support FOHFs

The deal was announced in mid-June and brings together SunGard's back-office expertise in the FOHFs space with PerTrac's product set, which supports processes such as portfolio analysis, portfolio management, and compliance checking.

SunGard's InvesTier product was launched in 2001 and provides portfolio accounting, shareholder accounting, and reporting.

"When we first started talking about this, it seemed to be quite the marriage," says Gary Mills, director in SunGard's alternative investment