SunGard has acquired Advanced Portfolio Technologies, Inc. (APT), a provider of risk management systems and portfolio optimization software for asset managers, hedge funds, pension funds, broker/dealers and proprietary traders.
The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGards financial results.
Founded in 1985, APT provides multi-factor risk models, portfolio analysis and risk-management software. Its key offerings include its flagship multi-asset global risk model, software for exploratory portfolio analysis, scenario analysis and portfolio optimisation, and scalable batch reporting via APTs full-service, Web-based risk reporting system.
APTs risk model subscription service includes risk profiles for over 275,000 equities, bonds and currencies plus mutual, hedge and REIT funds, commodities and other securities across the world. Derivatives can be included with APTs factor-based Monte Carlo simulation.
APT will become part of SunGards alternative investments business. Its analysis models and tools will complement SunGards existing applications for alternative investments such as Front Arena, Visual Portfolio Manager (VPM), Monis and Reech, as well as SunGards other solutions for institutional asset management. The ease with which the APT offerings can be integrated with SunGards solutions will increase the strategic value that SunGards alternative investments business offers to existing and new customers. Jamie Ridyard, CEO at APT, will continue to manage the business that he has led for over ten years.
“Our customers are being challenged to address the evolving needs of a shifting, more diverse client base. Risk solutions that apply consistently to all asset classes and across many workflows, from portfolio construction through to risk reporting and compliance, are critical to meeting this challenge. Products like those offered by APT that come preloaded with data, available on many platforms and with short deployment times, are especially attractive to customers. The acquisition of APT helps enhance our alternative investments business, offering our customers one of the widest choices of core functionality in the industry,” says Emanuel Mond, president of SunGards alternative investments business.