Without this capability, asset managers and servicers have typically had to cope with multiple sets of records, often housed on separate platforms. Asset Arena Investment Book has been developed with a global asset servicer to address the issues arising from this scenario. Incorporating this functionality within Asset Arena Investment Accounting helps ensure that the flow of data between a customerâs back- and middle-office functions is automated and seamless.
Each investment accounting view is fully supported by the general ledger and provides the customer with a comprehensive and accurate view of portfolio values, cash flows and accounts according to the associated time-based rules. This flexibility can be used to accommodate diverse customer business needs in areas such as end-of-day / start-of-day books, performance measurement and period end (âas ofâ) reporting.
Doug Morgan, president of SunGardâs institutional asset management business, commented: âWe believe that Asset Arena Investment Book represents a unique solution in an area that has traditionally employed expensive, redundant processes. The enhanced capabilities of Asset Arena Investment Accounting allow for the deployment of a global model with valuations occurring throughout the day to support middle-office functions and culminating in the official Net Asset Value calculation. Using one solution, our customers can represent each portfolio according to specific governing rules, support the official books and records of a fund, and give the investment manager real-time visibility into the portfolio.â