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The Connecticut-based firm hopes to streamline back-office accounting and investor reporting.
Southpaw Asset Management, a Greenwich, Conn.-based investment manager, has selected SunGard VPM to manage its portfolio accounting and reporting requirements.
Bob Thompson, CFO at Southpaw, says the multi-currency, multi-asset solution will streamline the firm's back-office accounting and investor reporting.
VPM will reduce time and resources devoted to issues around software upgrades, data back-up and disaster recovery.
"VPM will help us better focus our efforts on investment management," he says. "It will help reduce our time and resources devoted to issues around software upgrades, data back-up and disaster recovery. This will also help us streamline costs and improve operational efficiencies."
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