Virtus Partners Launches Hedge Fund Admin Service on SunGard VPM
New service to focus on credit, fixed income managers.
Alternative investment fund managers looking to invest in credit products across the bank loan and corporate debt space are often faced with a bottleneck at their administrator, making it difficult to cope with the complexity of credit investment strategies. This also limits the fund’s range of potential strategies, impacting returns.
With the new offering Houston, Tx.-based Virtus, with $200 billion under administration, will combine its expertise in credit and fixed income strategies and its automated platform for handling bank loans with SunGard’s VPM platform. Together, clients’ middle- and back-office functions will be fully supported as they trade into and out of positions, helping to mitigate associated operational risks and cost. Virtus’ fund services recently launched with a multibillion-dollar mandate for the US and Europe.
“We selected VPM on the basis of its flexible architecture and easy integration with Virtus’ existing platform, which allowed a rapid time-to-market for the fund administration service," says Jeffery Law, head of hedge fund services at VP Fund Services, the wholly-owned subsidiary of Virtus Partners Holdings.
"Additionally, the transparency afforded by VPM gives our clients the capacity to log directly into our portfolio accounting system on a read-only basis to examine the processing and service in real-time. This is hugely important given the emphasis on transparency driven by existing regulation, such as the Alternative Investment Fund Manager Directive (AIFMD) and future rules including the review of the Markets in Financial Instrument Directive (MiFID II).”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
WatersTechnology latest edition
Check out our latest edition, plus more than 10 years of our best content.
Getting aggressive: Overbond uses AI to assess dealer axes
The fixed-income analytics specialist has developed a new tool to help buy-side firms decide if they’re getting a good price from their dealers.
TS Imagine integrates LTX’s pre-trade analytics tool
Users of the fixed-income EMS will now have access to LTX’s Liquidity Cloud tool, which provides a pre-trade score for the likelihood of trading success.
Most read
- Sell-Side Technology Awards 2024: All the winners
- Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
- Systematic tools gain favor in fixed income