SunGardâs Asset Arena Portfolio Management solution will help Gulfmena automate its asset management processes across the region. It will also help meet Gulfmenaâs portfolio management and operations requirements by providing front- and middle-office functionality such as robust portfolio modeling features, advanced rebalancing capabilities and "what-if" analysis. Finally, Asset Arena will provide Gulfmena with performance measurement and attribution tools that adhere to the Global Investment Performance Standards (GIPS), a compliance module, and risk analytics, while helping the firm manage its operations and IT costs.
Haissam Arabi, Gulfmena chief executive officer and founder, commented, âIn todayâs changing asset management and hedge fund landscape, fund managers need to increase their focus on transparency, governance, compliance and regulations. Technology can help address these needs as well as aid in the management of portfolio risk. SunGardâs Asset Arena Portfolio Management solution will help us meet increasing client demands and address our stringent risk management criteria. We believe the solution will also help us achieve our mission of becoming the regionâs premier asset management company and specialist hedge fund manager.â
Wissam Khoury, managing director for SunGardâs financial systems business in the Middle East, said, âThe growing requirements of asset managers in the Middle East necessitate automated solutions that help increase transparency, risk controls and service quality. SunGardâs Asset Arena will help Gulfmena automate its investment operations lifecycle, achieve operational efficiencies and reduce risk and cost. This relationship demonstrates SunGardâs commitment and dedication to providing locally-proven solutions for the requirements of the Middle Eastâs finance industry.â