NEW YORK, June 10, 2004– SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Chicago-based Balyasny Asset Management, LP (BAM) has selected Panorama to provide an integrated, automated environment for trading and risk management.
Balyasny joins SunGard’s growing community of hedge fund clients for trading and risk management, including hedge funds from several hundred million to several billion dollars under management. Both single and multi-strategy funds use SunGard’s Panorama because it is capable of supporting desk-level and firm- wide requirements. Panorama helps enhance a fund’s ability to manage growth, provides real-time trading and risk tools to the desktop, and supports high volumes with high performance.
Panorama provides clients with an infrastructure to help them consolidate risks and exposures across all strategies within an open architecture that enables rapid and easy customization and extensibility. From high volume exchange traded products to convertibles to fixed income and all derivatives, Panorama supports all asset types used in multi-strategy funds.
Steve Husk, president of SunGard's Trading and Risk operating unit, said, "If one word can characterize the hedge fund industry over the past few years it would be ‘growth’. Hedge fund assets have grown by an incredible 1084% over the last 10 years, and Platinum Capital Management has projected that global hedge fund assets will grow to $4.0 trillion by 2010. Panorama offers hedge funds a scaleable business platform that can handle their trading, risk management, reporting and infrastructure needs and grow alongside their business.”
Panorama forms part of the Adaptiv framework for straight-through processing and integrated risk management.