Virtus Partners LLC has opted for Sungard’s VPM portfolio for its launch of a new hedge fund administration service.

The service is built on Sungard’s VPM portfolio accounting and reporting solution, part of its Hedge360 suite.

Virtus, an amalgamation of asset managers in the US, says it is combining its credit and fixed income strategies and automated platform for handling bank loans with the platform. It also claims that its clients’ middle- and back-office functions will be fully supported as they trade into and out of positions.

Sungard launched Hedge360, which combined Front Arena and VPM, in February 2012 as a dedicated hedge fund/alternative asset management suite. Add-on products are offered and there is also integration with ‘all tier one brokers and trade execution systems from all major executing brokers and with primary EMS/OMS systems’ as well as fund administrators, claimed Dae Kim, director of Hedge360.

By Antony Peyton.

by IBS Intelligence