Asset manager to use software for OTC derivatives valuations and analytics.
Connecticut-based 5:15 Capital Management LLC has chosen SunGard Front Arena for its trade processing, valuation, risk management and analytics requirements.
Front Arena is designed for hedge funds, financial institutions and alternative investment managers. Real-time profit and loss, position control and risk management functionality are incorporated into the software, as is compatibility with third-party and proprietary models.
"Today's economy," says Martin Boyd, president of SunGard's asset management business, "combined with increased competition and greater scrutiny from investors, is driving alternative investment firms to seek technology that can help them grow with improved efficiency and transparency. SunGard's Front Arena provides the automation, auditability and scalability to support the expansion strategies of hedge funds like 5:15 Capital Management."
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