SunGard targets hedge funds by combining accounting products

HEDGE FUND TECHNOLOGY | NOW SUNGARD AIMS TO CORNER FUND MARKET

ORLANDO, FLA -- SunGard Investment Management Systems (Sims) is set to integrate its InvesTier and InvestOne accounting systems into HedgePower, a single, automated back-office product for hedge funds, funds of hedge funds and third-party administrators. The move is part of the vendor’s plan to target the alternative investment market more aggressively.

During the SunGard World 2003 conference last month in Florida, Sims officials unveiled plans to roll out HedgePower by the end of the year.

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