Canadian software vendor SGGG Portfolio Systems, SynOps Investment Operations and Deutsche Securities Johannesburg today announced the successful implementation of the SGGG Portfolio System across Deutsche's hedge fund client base in South Africa.
Graeme Lappin Director of SynOps commented, "The SGGG system is ideal for the South African hedge fund industry. It is a front office portfolio management tool that integrates the trading, operations and management functions across the company, simply yet extremely effectively. The software has been designed specifically for hedge funds and small to medium sized asset managers, and is available with a highly attractive pricing and licensing structure.
SGGG Portfolio Systems and SynOps have a partnership agreement under which SynOps Investment Operations has exclusive rights to market and support the SGGG software in South Africa and neighboring regions.
Dan Rissin, CEO of SGGG Portfolio Systems commented, "We're very excited to be providing our order and portfolio management system to the South African market. SynOps is a great partner and together we have an exceptional offering."
The partnership provides South African hedge fund managers with world class order management and portfolio management tools, together with local support and knowledge of South African market conventions. The system integrates fully with local custodians and market data as well as supporting international service providers and electronic connections to brokers and other institutions worldwide.
Brent Thornton-Dibb of Deutsche Bank said "This system gives our clients best of breed functionality, fully supported by a South African team. We are receiving positive feedback from users."