SunGard says Chicago-based Balyasny Asset Management has bought its Panorama application to provide “an integrated, automated environment for trading and risk management.”
SunGard says it has lots of hedge fund clients, of all sizes and strategies, and that Balyasny is only the latest. “If one word can characterize the hedge fund industry over the past few years it would be ‘growth’,” says Steve Husk, president of SunGard’s Trading and Risk operating unit. “Hedge fund assets have grown by an incredible 1084% over the last 10 years, and Platinum Capital Management has projected that global hedge fund assets will grow to $4.0 trillion by 2010.
Panorama offers hedge funds a scaleable business platform that can handle their trading, risk management, reporting and infrastructure needs and grow alongside their business.”