September 15, 2011
EJF Capital LLC (EJF), an independent SEC- registered investment adviser that manages a diverse group of alternative investment strategies for qualified individuals, institutions, foundations, and endowments, has selected SunGard’s VPM and InvesTier to help automate its portfolio and partnership accounting operations from a single platform. SunGard’s VPM is a multi-currency, multi-asset, portfolio accounting and reporting solution for hedge funds. SunGard’s InvesTier is a global partnership and investor accounting and reporting solution, used by hedge funds, investment advisors, funds of funds and their administrators to support both U.S. domestic partnerships and offshore, unitized investment corporations.
Using VPM and InvesTier, EJF will be able to maintain a consistent and transparent procedure for portfolio and partnership accounting, timely and accurate reporting, and real-time actionable information for all funds and investors. The integration between SunGard’s VPM and InvesTier will help EJF manage all portfolio and partnership accounting and reporting responsibilities from a single platform to help eliminate operational risks and enhance the integrity, transparency and effectiveness of its back-office accounting and portfolio management operations. Consistent with industry best practices, the integrated solution will help EJF consolidate and streamline its operational process, track complex portfolios and instrument types, and provide a quicker response time.
VPM will also deliver real-time access to pertinent performance and accounting data from VPM’s general ledger. VPM enhances availability of data through customized reporting capabilities, including click-through reporting, data mining, and intuitive presentation of information.
InvesTier will help EJF fully-manage its partnership accounting obligations while meeting a broad range of client requirements, including fee calculations, income allocations and management of investor and fund level capital transactions. From investor subscriptions to tax accounting and report distribution, InvesTier provides a scalable, reliable solution to support multi-manager, multi-strategy, multi-class and multi-series funds.
“Today’s Investors are demanding more out of their investment managers. SunGard’s VPM and InvesTier will provide EJF with a robust back-office solution to help meet today’s industry demands,” said Scott Alintoff, chief operating officer of SunGard’s VPM and InvesTier business units. “The seamless integration between the two offerings provides firms transparency and foresight to help adjust investment strategies and deliver pertinent data to their investors, on-demand.”
About EJF Capital LLC
EJF Capital LLC is an employee owned registered investment advisor based in Arlington, Virginia.
About SunGard’s VPM
SunGard’s VPM is a comprehensive, multi-currency back-office solution and transaction repository, and is designed specifically for hedge funds. VPM supports virtually any asset type including equities, fixed income, futures, bank debt (including multi-currency revolvers), repo and swaps. In addition to managing virtually any asset type, VPM provides easy-to-use navigation and the ability to integrate with a variety of systems, as well as external data and information vendors.For more information on VPM and SunGard’s portfolio of alternative investment solutions, visit http://www.sungard.com/vpm/learnmore.
About SunGard’s InvesTier
SunGard InvesTier is an investor accounting and reporting solution for the alternative investment industry that provides domestic and offshore hedge funds, funds of funds and fund administrators with partnership accounting, fee calculation, share series and equalization accounting capabilities. For more information on InvesTier and SunGard’s portfolio of alternative investment solutions, visit http://www.sungard.com/investier/learnmore.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit http://www.sungard.com
Trademark Information: SunGard, the SunGard logo, InvesTier and VPM are trademarks or registered trademarks of SunGard Data Systems, Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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