Equinoxe AIS Limited has implemented Asset Arena Investment Accounting, SunGard's global investment accounting and reporting technology platform.
Equinoxe is a full-service alternative investment fund administration company headquartered in Bermuda with subsidiaries licensed and regulated in Ireland and Mauritius.
Equinoxe needed a flexible and scalable system to support its rapidly growing hedge fund administration business. Asset Arena will help Equinoxe to automate its portfolio accounting processes, enabling the fund administrator to focus on core capabilities and provide value-added services to its clients.
Stephen Castree, chief executive officer of Equinoxe, said, "We have ambitious growth plans, so we were not willing to compromise in choosing our technology partner. After a highly competitive selection process, we chose SunGard's Asset Arena because we believe it provides the most comprehensive set of capabilities to support our business model and expansion. Our choice underscores our commitment to investing in technology to help create the most efficient operations infrastructure for the benefit of our clients."
Doug Morgan, president of SunGard's institutional asset management business, commented: "Asset Arena's ability to handle both traditional and alternative portfolios has made it an attractive solution for customers such as Equinoxe with sophisticated investment accounting needs. We look forward to working with Equinoxe's highly regarded management team and supporting the company's growth worldwide."