BlueBay Asset Management Selects SunGard's Integrated Panorama and Decalog Solution.Business Editors NEW YORK--(BUSINESS WIRE)--June 11, 2002 Panorama and Decalog to manage total operation for new fund management business, including trading, compliance, portfolio and risk management SunGard (NYSE NYSE See: New York Stock Exchange : SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. ) today announced that London-based BlueBay Asset Management has selected the integrated Panorama and Decalog solution for order management, trading, portfolio management and real-time risk management. Panorama and Decalog will support BlueBay's new fund management operation, which will specialize in fixed-income credit and include hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , long-only funds and structured products. BlueBay selected the integrated Panorama Decalog solution to support the projected growth of its new operation -- BlueBay aims to have $8.8 billion assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. in five years. Panorama Decalog will run its total operation from risk, front-office, trading, portfolio management and compliance as well as order management, with intra-day, pre-trade risk and compliance checks. Blue Bay Asset Management is a new asset management business founded by Hugh Willis and Mark Poole Mark Poole is an illustrator for . He graduated from the University of South Carolina with a Bachelor of Arts (Fine Arts and Design). He has also done work for other gaming companies including White Wolf Studios, Warcraft and Upper Deck. , former co-heads of credit arbitrage arbitrage: see foreign exchange. arbitrage Business operation involving the purchase of foreign currency, gold, financial securities, or commodities in one market and their almost simultaneous sale in another market, in order to profit from price trading at JP Morgan. BlueBay chose Panorama Decalog over competing solutions because SunGard was the only vendor that could provide a single, fully integrated solution for trade order and risk management, on an NT platform. Panorama Decalog will support BlueBay's long and short investment strategies by providing support for the complete range of asset classes that these strategies comprise, including derivatives and structured products. The flexibility and extensibility of Panorama Decalog will further enable BlueBay to easily add support for new instruments. The SunGard solution will also provide BlueBay with the risk analytics it needs to manage its portfolio of complex products, including VaR, scenario analysis Scenario analysis The use of horizon analysis to project total returns under different reinvestment rates and future market yields. and stress testing Determining the durability of a system by pushing it to its limits. Stress testing a network is performed by transmitting excessive numbers of packets or attempting to break in illegally. , and desk-level risk checks for incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. risk measures. Hugh Willis, chief executive officer of BlueBay, said, "Unusually for a new asset management company, we are launching long-only as well as hedge fund products. A robust technology infrastructure is therefore of great importance to us. SunGard was the only vendor that could provide us with a single solution that encompassed all the functionality we sought, thereby minimizing our implementation risks and enabling us to launch our business with confidence. Panorama Decalog met our requirements for cross-asset support, and integrated compliance, reconciliation, trade order management and portfolio risk management." Gavin Lavelle, president of SunGard's Panorama operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , said, "The comprehensiveness of SunGard solutions, its financial strength and proven expertise enables our clients to efficiently and assertively expand their operations and launch new businesses. Panorama Decalog provides BlueBay with integrated, best-practice functionality and a flexible, extensible platform on which to build its business." Harold Finders, managing director of SunGard Investment Management Systems in Europe, added, "With this single vendor solution, BlueBay will be able to seamlessly manage its cross-asset, long and short portfolios, and measure risk and performance across its entire operation." About SunGard Trading and Risk Systems SunGard Trading and Risk Systems provides integrated, enterprise-wide solutions for financial trading, risk management and operations, as well as asset liability management and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and forecasting. Serving over 500 clients, it offers Web-enabled solutions for achieving straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. , and for managing market, credit and operational risk. Clients include banks, broker/dealers, asset managers, hedge funds, corporate and government treasuries of every size, geographical reach and operational complexity. For energy companies, SunGard Trading and Risk Systems provides trading, risk management and commodity scheduling software solutions. About SunGard Investment Management Systems SunGard Investment Management Systems provides in-house and ASP solutions to the buy-side investment management market for trading, portfolio management, compliance, investment accounting, private banking, performance measurement and attribution at·tri·bu·tion n. 1. The act of attributing, especially the act of establishing a particular person as the creator of a work of art. 2. applications. These products support comprehensive straight-through processing from trade initiation, to execution using client-selected brokers, through accounting and client reporting. SunGard solutions support the complex needs of many of the largest financial service firms in the world representing in aggregate approximately $8 trillion in assets processed daily by these solutions. About SunGard SunGard (NYSE:SDS) is a global leader in integrated IT solutions for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . SunGard is also the pioneer and leading provider of information availability services. With annual revenues of $2 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies. Visit SunGard at www.sungard.com . Trademark Information: SunGard, the SunGard logo, Panorama and Decalog are trademarks or registered trademarks of SunGard Data Systems Inc. in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. |
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