SunGard APT has helped a Dubai-based start-up successfully move from managing a single fund to catering for a host of international and regional investors. These range from non-profit organisations to corporations and treasury departments, conventional investors to those with Shari’ah preferences.
Gulfmena Alternative Investments is a pure play asset management company and regional investment specialist operating from the Dubai International Financial Centre. When the company approached SunGard APT, it requested an all-encompassing product that could span operations from front to back office.
After a detailed consultation period, Gulfmena bought SunGard’s APT and Asset Arena Portfolio Management on an ASP basis. This gives the company access to SunGard’s reliable and powerful hosting infrastructure while at the same time reducing the total cost of ownership.
A Gulfmena representative said that the SunGard system enables the company to cater for order management, accounting, performance measurement, reconciliation and risk analytics. Marc Hambach, chief operating officer for Gulfmena, explained the choice: “We were determined to choose a system that could help us meet the expectations of all stakeholders, including investors, partners, regulators and auditors.”
About SunGard APT
SunGard APT is an investment technology that can be used across a broad range of asset classes, and in a number of regions and countries. It provides data and software for creating multifactors models, as well as assisting with portfolio construction and subsequent performance analysis.
Visit http://www.sungard.com/apt to see how it can be used by retail and institutional asset managers, private wealth managers, brokers and dealers, proprietary traders and prime brokers.
SunGard is one of the world’s foremost technology and software services organisations. It employs more than 17,000 people and serves in excess of 25,000 customers across 70 countries. SunGard has an annual revenue of approximately $4.5 billion, making it the world’s largest privately held services and software company.