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Castlegrove Capital Launch Global Micro Fund Using SunGard's FRONT ARENA

London, 12 June 2006 – SunGard today announced that Castlegrove Capital Management Ltd, a hedge fund set up by three ex-managing directors of JPMorgan’s Global Equity derivatives group, has gone live with SunGard’s FRONT ARENA. Castlegrove Capital will use FRONT ARENA to manage its Global Micro fund, an equity-focused strategy covering Long/Short Equity, Equity Derivatives and Capital Structures.

Castlegrove will take advantage of multi-asset opportunities utilising the Variance Swaps, CFDs, Credit and Equity Derivatives and Convertible Bonds functionality within FRONT ARENA, including cross-asset pricing, analytics, position and risk management. FRONT ARENA offers the benefits of a packaged hedge fund solution, with an Extension Framework that gives Castlegrove the flexibility to add proprietary models and connect to third party systems, prime brokers and fund administrators.

“We selected FRONT ARENA because of its cross asset trading, real time P/L, and risk management capabilities. The SunGard solution is providing us with the stable and robust platform we needed to help us grow our business and, importantly, one which we were also able to implement in a relatively tight timeframe”, commented Christian Dalban, chief executive, Castlegrove Capital.

“Castlegrove joins a growing number of hedge funds that are turning to SunGard FRONT ARENA to help them automate their cross asset class trading operations and provide the high standards of transparency and risk reporting required by institutional investors,” commented Peter Banham, global head of product and marketing at SunGard's FRONT ARENA business unit.