INVESTMENT OPERATIONS

Transcription

1 INVESTMENT OPERATIONS A fund administration ecosystem for agile growth Pivot.

2 02 SunGard Hedge 360 SUNGARD S INVESTMENT OPERATIONS A fund administration ecosystem for agile growth

3 SunGard Investment Operations 01 Make data mean business Struggling to match the healthy returns of the past, today s asset managers are challenged to improve performance and reporting while reducing costs. Forced to compete more fiercely, they are also becoming less traditional in their strategies. As a result, mainstream fund administrators must typically take on a broader range of complex, alternative products, instruments and vehicles. Both asset managers and third-party administrators (TPAs) are feeling the pressure on their middle- and back-office operations, the lifeblood of which is data. Frequently, firms still operate an intricate network of disparate data sources. This makes it impossible to capitalize on the symbiotic relationships that bind many fund administration processes. Are you ready for new markets and opportunities? By creating a single ecosystem for fund administration, you can take full advantage of process interdependencies and make your data mean business in multiple new ways. With greater operational agility, you will be in a stronger position to seize new market opportunities and achieve long-term growth. SunGard enables the adaptive enterprise SunGard s Investment Operations is an integrated technology suite designed to support the entire fund administration life cycle. Making meaningful use of a single, powerful source of data, for an ever growing range of business and compliance purposes, the suite incorporates and connects a comprehensive range of traditionally siloed middle- and back-office solutions. SunGard s Investment Operations enable your firm to: Support business diversification manage global accounting across jurisdictions, consolidate fund administration and handle complex instruments Increase operational effectiveness improve transparency, outsource non-core back-office tasks and infrastructure and mitigate risk Meet expanded data requirements access granular data, standardize and enhance reporting, and complete multi-faceted reconciliations Solution components SunGard s Investment Operations ecosystem includes solutions and services for: Investment accounting, administration and reporting Transfer agency Derivatives processing Workflow and process automation Pricing Corporate actions management Risk management Performance measurement Collateral management Financial reporting Client reporting and web portals Reconciliation Compliance

4 02 SunGard Investment Operations Break down the barriers to business diversification An increasingly competitive market is driving asset managers to broaden the scope of their investments. This diversified, multi-product approach has created a global playing field that not only introduces additional complexity and risk, but also demands efficiency, speed and transparency. To navigate these challenges, you need solutions that help you to: Manage global accounting across jurisdictions With portfolios that span many territories, firms must navigate multiple regulatory reporting requirements and tax laws and find new ways to manage the costs, risk and complexity of cross-border investment accounting. While an asset manager may turn to a TPA for support, a TPA s technology may be unable to handle every local nuance. Consolidate fund administration processes Despite continuing to operate multiple portfolio management and fund accounting systems, many asset managers are looking to consolidate and outsource even more of the tasks that lie beyond their core competencies. This gives TPAs the opportunity to increase their own scale and offer a greater range of highly competitive services. Handle innovation and complexity It is becoming all the more critical to access a robust, integrated, efficient and consistent fund administration platform, which can be easily reconfigured to support innovative instruments and strategies and their often complex operational requirements. SunGard can help 65% of firms run between two and five disparate portfolio management and accounting systems SOURCE: AITE GROUP: GLOBAL ASSET MANAGEMENT STUDY 2014, JULY Whether you are an asset manager or a TPA, SunGard s Investment Operations can help you better manage the accounting and administration pressures of an increasingly globalized investment market, through an integrated suite of proven SunGard solutions. At the heart of the technology suite, InvestOne is a robust, scalable and flexible fund accounting, administration and reporting system that supports an exhaustive range of fund types, asset classes and accounting methodologies from one powerful database. To meet shareholders needs for real-time access to account data, Transfer Agency delivers investor recordkeeping services through a single multi-product platform, with offshore servicing capabilities for practically all fund and security types. For the efficient management of the derivatives life cycle, Derivatives Processing provides seamless middle-to-backoffice processing for multiple derivatives asset classes. One advantage of SunGard s technology is its ability to accommodate funds with multiple investment managers. LAYNE RASMUSSEN VICE PRESIDENT AND CONTROLLER, MUTUAL FUNDS, PRINCIPAL MANAGEMENT CORPORATION

5 SunGard Investment Operations 03 Get set for growth with agile operations To achieve growth within a fast-moving, multi-product environment, you need to increase the efficiency, speed, effectiveness and scale of your middle- and back-office operations. In particular, you need working solutions that help you to: Improve transparency To streamline operations, many large firms have set up global centers of excellence for activities such as trade processing, net asset value (NAV) calculations and reconciliations. While optimizing efficiency, centers often disparate locations make data integrity and transparency a key concern. Outsource non-core back-office tasks and infrastructure Both asset managers and TPAs can make efficiency gains by outsourcing non-core yet critical functions, including transfer agency services, corporate actions and pricing. SaaS providers can not only help ensure data quality, but also host the supporting infrastructure allowing organizations to achieve operational excellence, scale and compliance, without significant capital costs or risk. Mitigate risk Mission-critical back-office activities are fundamental to reducing the huge risks created by inaccurate data. By outsourcing activities such as reconciliation, pricing, data management, regulatory reporting and NAV striking, firms can again cut costs, reduce risk and improve data quality. Because of the investments that SunGard has made in its core investment accounting platform, we are able to leverage it as our processing platform of choice for specialist fund administration services. SunGard can help 66% outsource some form of operational activity to a third party SOURCE: AITE GROUP: GLOBAL ASSET MANAGEMENT STUDY 2014, JULY SunGard s Investment Operations is designed to help you achieve optimal levels of operational effectiveness across your fund accounting and administration activities. Integrated with the entire suite, and combining workflow rules with process automation, Control Center automates and centralizes the scheduling and completion of fund and investor accounting tasks, from pricing to reporting. For efficient securities pricing, Pricing Services fully automates the collection, scrubbing, reconciliation and validation of vendor, broker and counterparty pricing data from a full range of report formats. Delivered via a customized user interface, our pricing services are hosted on a SaaS basis and can be fully integrated with Corporate Actions Management, which helps manage every critical step of the corporate actions life cycle in a straight-through process. GARY TENKMAN MANAGING DIRECTOR, ULTIMUS FUND SOLUTIONS (MUTUAL FUND)

6 04 SunGard Investment Operations Ease pressure on data Historically, a particular system s data could only be used for one discrete purpose within the financial ecosystem. Today, the output of a single data source could support any number of calculations and fund administration services, helping you to: Access granular data Processes from regulatory reporting to portfolio risk management require accurate data from multiple sources. As firms look to navigate uncharted markets and manage macroeconomic trends, gathering granular yet consistent data becomes an increasingly complex task. Standardize and enhance reporting Whether for management, financial, investor or regulatory insight, firms need to standardize and automate baseline reporting while supporting advanced data analysis and selfservice access. Regulatory and client reporting requirements across a broader range of instruments are also driving the need for flexible financial reporting platforms. Complete multi-faceted reconciliations Complex new reconciliation requirements, whether involving a shadow NAV or the regulatory reporting of trades, require data to be accurate and adaptable. Often feeding a range of systems and driving multiple calculations or intersystem reconciliations, fully validated data is also vital for informed investment decisions. SunGard can help SunGard s Investment Operations provides powerful tools to help you get more from fund administration data across every type of global investment strategy. Our powerful InvestOne allows full accounting automation from a single control point through its Multiple Books of Record (MBOR) functionality, creating multiple levels of views of accounting data. Risk Management provides a risk reporting and valuation engine with broad functionality and extensive instrument and asset class coverage. Performance Measurement provides sophisticated calculation tools for returns on portfolios and composites, giving firms greater insight into investment performance. Collateral Management offers enterprise-wide collateral management and optimization capabilities on a single platform. For the production of financial statements and regulatory reports, Financial Reporting is a fully web-based, automated solution that manages financial reporting requirements for traditional and alternative investments. Data Exchange provides a multi-directional client portal for sharing documents with fund stakeholders and investors, while Insight offers additional interactive reporting and advanced analytics on a SaaS basis. Reconciliation provides fully automated reconciliation and exception management services for cash, position, trade, net asset value and margin/collateral reconciliation, as well as price and security master validation. 17% of firms have an integrated fund accounting and financial reporting platform for traditional and alternative funds Compliance, including regulatory compliance, surveillance and supervision tools, completes the data dissemination components of the Investment Operations ecosystem. SOURCE: AITE GROUP: GLOBAL ASSET MANAGEMENT STUDY 2014, JULY 2014.

7 SunGard Investment Operations 05 Investment Operations in the cloud SasS capabilities SunGard is able to not only host all the components of the Investment Operations suite in our data centers, but also run many of them from day to day on your behalf. As the owner and developer of the technology involved, we are in the strongest position to help you maximize the potential of the fund administration ecosystem within a SaaS environment. The SunGard vision for fund administration Ultimately, through our Investment Operations ecosystem, SunGard aims to deliver technology assets and services that help you thrive on a global scale in today s fast-evolving markets. We will continue to do so by developing best practice, agile operations that allow you to move rapidly into new markets, grow your asset base and improve performance. At the heart of the ecosystem is a single, powerful source of data, feeding into and connecting with our comprehensive range of middle- and back-office solutions. By helping translate disparate outputs into meaningful information for multiple purposes, it will allow you to meet complex data requirements in the name of ongoing growth. STEPHANIE KUEPPERS DIRECTOR, SUB-ADVISER OVERSIGHT, JACKSON NATIONAL ASSET MANAGEMENT SunGard has been innovative in meeting our challenges. They are constantly being proactive rather than reactive to certain situations, such as forthcoming regulations.

8 About SunGard s Investment Operations SunGard s Investment Operations is a global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Investment Operations supports the entire investment process, from portfolio management, risk management and compliance to investment accounting, transfer agency and client reporting. Combining deep functionality with broad business process management capabilities, SunGard helps investment firms manage complexity, increase efficiency, and respond quickly to changing business and regulatory requirements. Enabling the Adaptive Enterprise Sitting at the intersection of technology and finance, SunGard is focused on delivering fresh ideas and inventive solutions to help our customers adapt and thrive in an ever changing environment. With a blend of software solutions, cloud infrastructure, global service capabilities and deep domain expertise, SunGard is capable of supporting virtually every type of financial organization, including the largest and most complex institutions in the world. For more information, please visit twitter.com/sungard [email protected] linkedin.com/company/sungard 2015 SunGard. Trademark Information: SunGard, and the SunGard logo are trademarks or registered trademarks of SunGard or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. AM4615