ARX Investment Management Uses SunGard’s IMpower

Lombard, IL – 2 October 2006

Hedge Fund Manager Augments Third-Party Administrator Services with On-Demand Reporting

SunGard today announced that ARX Investment Management, LP is now using IMpower to supplement outsourced services provided by its third-party administrator (TPA). In addition to providing ARX with portfolio management capabilities on an ASP (application service provider) basis, IMpower offers the firm flexible, Web-based tools for investment reporting and performance measurement.

ARX manages a $1.1 billion hedge fund that invests in global fixed income, equity, option, swap, convertible, and other complex securities; a third-party administrator provides all accounting and back-office services. Through a secure interface provided by SunGard, IMpower extracts daily portfolio and transaction data from the administrator’s systems and helps ARX to create its own customized, on-demand reports without any programming. In addition, IMpower automatically creates new security records based on the data to help simplify ARX’s operational workflow.

“With timely, in-house access to critical portfolio and investment information and a flexible reporting tool, we can now retrieve complex data items, when we need them, in the exact format we require for analysis,” said Thomas Stamatelos, chief financial officer at ARX Investment Management. “Derivative instruments can be difficult to value at any given time. SunGard’s IMpower team helped us create sophisticated reports that appropriately aggregate and match holdings with financing to produce multiple views of our P&L as well as cash forecasts. As a result, we have better insight into our fund’s profitability and cash position status.”

“Third-party administrators provide critical services and information to hedge fund managers. Using IMpower’s open technology, ARX is able to leverage the data its TPA generates--and without the extensive programming ARX’s previous internal report-building process required,” said Doug Morgan, president of SunGard’s investment systems business unit. “We are pleased to be able to help ARX and other hedge fund managers run their businesses more effectively. With SunGard’s understanding of their sophisticated information and functionality requirements, we are able to provide hedge fund managers, funds-of-funds, and third party administrators with a powerful suite of front-to-back-office alternative investment solutions.”

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