LACROSSE TAPS SUNGARD FRONT ARENA SOLUTION FOR PRICING AND ANALYSIS OF COMPLEX HEDGE FUNDS

Posted April 21, 2008

LONDON – Hedge fund services provider LaCrosse Global Fund Services has begun using SunGard’s Front Arena cross-asset trading solution within its platform for pricing and analyzing structured financial instruments held by its fund administration clients.

“We deliver the information our clients need to manage their complex portfolios, including daily profit and loss (P&L) and the valuation of global equities, fixed income, commodities, currencies, emerging markets and related derivatives,” says Kok-Ying Lee, Chief Operating Officer, LaCrosse Global Fund Services. “SunGard’s Front Arena helps us provide accurate P&L and valuations for all of these asset classes.”

SunGard’s Front Arena supports various trading strategies, modeling them in real time. This enables funds to create strategies and increase portfolio complexity. Front Arena also provides independent valuation of positions.

“In an environment of increasing portfolio complexity, hedge funds must be able to value a wide range of instruments and asset classes,” says Emanuel Mond, President, Alternative Investment Business at SunGard. “Front Arena will help LaCrosse by providing pricing and analyses for a broad range of asset classes.”

LaCrosse Global Fund Services provides operations, middle-office and administration services to managers of complex hedge funds globally. LaCrosse, with assets under administration of more than $14 billion, has offices in Bogotá, Buenos Aires, Caracas, Istanbul, London, Minneapolis, Moscow, New York, São Paulo and Singapore.

SunGard offers solutions for alternative investment firms including applications for convertible and capital structure arbitrage, global repo, stock finance and listed options trading.