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VanthedgePoint to Use SunGard's Phase3 and Margin Advisor to Help Enhance Service to Hedge Fund Customers
BURLINGTON, MA - May 22, 2006 – SunGard (http://www.sungard.com) announced today that VanthedgePoint Group, Inc. (http://www.vanthedgepoint.com), an integrated financial services company focusing on small hedge funds, has chosen SunGard's Phase3 multi-asset, multi-currency securities processing solution (http://www.sungard.com/phase3) and SunGard's Margin Advisor, a solution that monitors cross-asset margin information in real-time (http://www.sungard.com/marginadvisor). VanthedgePoint will use Phase3 and Margin Advisor to help deliver operations and margin services to its hedge fund customers, and support its introduction of options trading.
Geoffrey M. Tudisco, chief executive officer and founder of VanthedgePoint Group, said, "Our goal is to deliver an integrated suite of high quality, cost-effective services that help empower our small hedge fund customers and meet our time-to-market requirements. We chose Phase3 and Margin Advisor for their real-time processing capabilities and flexible technology infrastructure, and because Phase3's comprehensive capabilities help us to expand our product offering quickly to meet client demand. We chose SunGard for its stability, vision and sensitivity to our short- and long-term business needs."
VanthedgePoint will use Phase3 to help bolster its unique, integrated solution for providing clients with order to settlement back-office services for improved operational stability. Margin Advisor will generate intraday margin calculations across product lines and monitor prices and positions in real-time, helping VanthedgePoint customers to manage credit exposure, risk, securities lending and hypothecation. Both solutions will be delivered in an ASP environment, scheduled to go live at VanthedgePoint this month.
"We are pleased that VanthedgePoint has selected Phase3 and Margin Advisor to support its platform for small hedge funds," said Gerard Murphy, president of SunGard's Phase3 business unit. "With Phase3's multi-asset books and records processing and Margin Advisor's advanced cross-margin capabilities, SunGard provides VanthedgePoint with an experienced resource for helping to deliver a range of services, typical of large multi-billion dollar funds, that are vital to their clients' success."
About VanthedgePoint
VanthedgePoint Group, Inc. is an integrated financial services company focused on delivering products and services to empower small hedge funds. VanthedgePoint Group operates two wholly owned subsidiaries: VanthedgePoint Securities LLC, a registered broker/dealer (Member FINRA/SIPC), and VanthedgePoint Technologies LLC. VanthedgePoint Group is a privately held company with principal offices located in New York, NY. Additional information about the firm is available at www.vanthedgepoint.com.
About SunGard
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Phase3 and Margin Advisor 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.
Media contact:
Geoffrey M. Tudisco
Chief Executive Officer
VanthedgePoint Group, Inc.
(212) 514-8639
info@vanthedgepoint.com
Deborah Overdeput
SunGard
Wealth Management & Brokerage
Tel: 603-898-4937
Email: deborah.overdeput@sungard.com
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