SunGard's VPM Integrates With Bloomberg ASP Hedge Fund Solution

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Integrated Front-to-Back Offering Targets Emerging Managers With Solution for OMS, EMS, Risk and Accounting

SunGard’s VPM portfolio accounting solution is to be offered as part of Bloomberg’s hedge fund solution suite. SunGard’s VPM will be integrated with Bloomberg’s execution platform, Bloomberg Tradebook, and its order management system, Bloomberg Asset & Investment Manager (AIM). The combined solution will help customers gain greater operational transparency and improve their investor reporting capabilities.

The integrated offering provides emerging hedge funds with access to a front-to-back ASP solution via the BLOOMBERG PROFESSIONAL service, without the cost of implementing and maintaining multiple systems. The offering will be delivered on an application service provider (ASP) basis. VPM’s physical general ledger and investor reporting capabilities will be fully integrated into the offering, creating a comprehensive solution on the Bloomberg desktop.

Brenton Karmen, head of trading systems and workflow solutions at Bloomberg, commented, “The integration with SunGard's VPM allows us to better serve emerging hedge funds by providing a full front-to-back office solution allowing funds to independently service their investors. The solution will help funds to better manage risk while providing transparency into investment activities that sophisticated investors require.”

Julie Rice, managing director, Americas for SunGard’s alternative investments business, said: “This integration allows us to offer fund managers a portfolio accounting system that integrates directly into Bloomberg’s front- and middle-office. An integrated general ledger helps funds independently produce reports to accurately track investments and provide institutional investors timely reports.”

About SunGard’s VPM
SunGard’s VPM, designed specifically for hedge funds, is a comprehensive, multi-currency back-office solution and transaction repository. VPM supports virtually any asset type including equities, fixed income, futures, bank debt (including multi-currency revolvers), repo and swaps. In addition to managing virtually any asset type, VPM provides easy-to-use navigation and the ability to integrate with a variety of systems, as well as external data and information vendors. For more information on VPM and SunGard’s portfolio of alternative investment solutions, visit http://www.sungard.com/vpm/learnmore.

About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit SunGard at http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and VPM are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Toby West

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