"InvesTier is a proven, robust system that was introduced in the U.S. two years ago and benefits from our 20 years' experience of the alternative investment industry," said Carol Kaufman, president of SunGard's InvesTier operating unit. "It has been embraced by some of the largest managers and third party administrators in the U.S., and I am confident that European managers will recognize that InvesTier is an essential hedge fund and fund-of-funds investor accounting and reporting package."
"I'm pleased to introduce InvesTier and HedgePower to the European alternative investment industry," said Jack McArdle, group chief executive officer of SunGard Investment Management Systems. "These solutions help alternative investment firms manage the risk and regulatory challenges unique to their industry - which is why we've signed more than 30 new InvesTier customers in North America over the last two years. Our solutions equally meet the needs of European managers. In addition, HedgePower incorporates INVEST ONE today, and will next expand to include both GP3 and our recently acquired V3 investment accounting solution. Because HedgePower is offered on an ASP basis, our customers get the best of both worlds: end-to-end capabilities in one powerful system, and a cost-effective, feature-rich solution hosted on SunGard's resilient, Web-hosted infrastructure."