Peloton Partners' new fund will be an opportunistic global multi-strategy fund focusing on macro and relative value strategies, primarily in the fixed income, foreign exchange and commodity markets. FRONT ARENA contains full support across asset classes creating an optimal environment for Peloton Partners to benefit from cross-asset revenue opportunities and allows for aggregate market and credit risk management.
Ron Beller, managing partner of Peloton Partners, stated, "FRONT ARENA will help support our growth strategy in terms of numbers, infrastructure and product complexity over the forthcoming years. SunGard demonstrated an organised approach and a strong ability to implement on time. These were the deciding factors for us when we evaluated the different options available."
"We will work very closely with Peloton Partners to help ease the implementation process and provide support to the business, helping Peloton Partners to focus on establishing the new hedge fund," said Stephen Butcher, chief operating officer of SunGard's FRONT ARENA business unit. "The strength of the FRONT ARENA solution for smaller organisations like Peloton Partners is its flexibility and ability to grow with them as their business demands."