Wednesday, 1 April 2015
Last updated 4 hours ago
Nov 22 2006 | 12:31pm ET
Financial services software provider SunGard has added to its suite of alternative investment products with the acquisition of Melville, N.Y.-based Integrated Business Systems. IBSI is the maker of Visual Portfolio Manager, accounting software used by some 50 hedge funds managing $135 billion.
Terms of the deal were not disclosed.
“This acquisition furthers our strategy to provide hedge fund managers with a robust set of solutions focused on this industry segment,” said SunGard asset management group CEO Jack McArdle. SunGard is based in Lombard, Ill.
IBSI President Michael Alesandro added, “As part of SunGard, we will gain an opportunity to further VPM’s growth by expanding into new geographic regions, continuing to enhance our platform and broadening our service capabilities.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…