Hedge fund managers, private equity firms and fund administrators looking to manage incoming and outgoing alternative investment data now have a cloud-based choice from SunGard. The financial services firm announced the release of its Asset Arena Data Connect solution. The firm claims that it also boosts straight-through-processing and transparency.
Delivered as a cloud-based solution, Asset Arena Data Connect enables customers to use alternative investment processing platforms including the Depository Trust Clearing Corp.’s National Securities Clearing Corp.’s automated and centralized Alternative Investments Platform.
“The growth in alternatives and their convergence with traditional structures means our customers are demanding solutions that streamline data processing of more complex securities,” said Mark Judah, managing director, SunGard Asset Management. “SunGard’s Asset Arena Data Connect is a cloud-based, automated offering that provides the transparency and standardization that industry networks and participants require and alternative asset managers and their administrators can now deliver.”
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