Maxim Group Selects SunGard for Increased Operational Efficiency

Date: Wednesday, October 30, 2013
Author: News Release

Maxim Group, a full service investment banking and brokerage firm providing services to hedge funds, investment advisors, family offices and high net worth individuals has selected SunGard’s VPM. Now live, the solution helps Maxim Group better service its clients by providing advanced portfolio accounting and reporting capabilities, which helps promote smarter operations within its investment management and operations functions.

Maxim Group’s integration of VPM and its clearing firms’ data provides a scalable solution with minimal reconciliation overhead. VPM physically stores all of Maxim Group’s investment activity to help enable the firm to have more accurate information, transparency into data and holdings, and foresight to proactively adapt trading strategies.

“As our investor requirements continue to call for increased transparency and reporting for hedge fund portfolio accounting, our need grew for a powerful, user-friendly product with a highly scalable infrastructure. We chose SunGard based on the strength of its name in the industry and recognition amongst top tier hedge funds. Additionally, VPM’s comprehensive product offering connecting the front to back office operations as well as its scalability and lower total cost of ownership made SunGard our first choice of providers.” – Seth Michaels, managing director, head of prime brokerage services, Maxim Group

“This implementation is significant and is a testament to the prime brokerage industry’s need for transparency and automation. Streamlining Maxim Group’s back-office accounting and investor reporting with a scalable platform helps reduce operational risk and increase business efficiency.” - Scott Alintoff, chief operating officer, VPM, SunGard’s Asset Management Business

The implementation of SunGard’s VPM was completed in three months. Maxim Group has been a SunGard customer for 11 years and also currently uses SunGard’s Global Network and SunGard’s Valdi pre-trade compliance system.

For futher information: melanie.hesketh@sungard.com or +44 208 081 2860

About SunGard Financial Systems

SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.