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Evolution Capital Management Selects SunGard’s FRONT ARENA for Trading and Risk Management

New York, May 3, 2006 – SunGard today announced that Evolution Capital Management (Evolution), a $1bn hedge fund based in Honolulu, is implementing SunGard’s cross-asset trading platform, FRONT ARENA to support its enterprise trading, risk management, processing and reporting requirements.

Evolution employs a multi-strategy investment style covering equity, equity derivatives, convertibles, credit derivatives and structured products, with a specific focus in the Pacific Rim. FRONT ARENA will provide Evolution with secure modeling, secure and auditable pricing and, automated trading and risk management functionality.

Evolution will also deploy FRONT ARENA's built-in models and data from SunGard's Monis for the valuation of convertible bonds and asset swaps. Monis provides management and analysis, pricing data, and specialized training for convertible arbitrage traders.

FRONT ARENA connects seamlessly and in real time to third-party systems, data providers, prime brokers and hedge fund administrators

Adrian Brindle, managing director and chief operating officer at Evolution, said, “We selected SunGard’s FRONT ARENA because it not only provided comprehensive out-of-the-box functionality, but also because of its open, extensible framework. FRONT ARENA will be able to grow with us as we expand our business.”

Rob Mackay, managing director, Americas, SunGard’s FRONT ARENA business unit, said, “Evolution joins a growing number of hedge funds that are looking to SunGard and FRONT ARENA to provide a vendor partnership and technology platform that helps them streamline their operations, reduce operating risks, centralize and improve risk management, and grow their business.”