SunGard has won the Acquisition International (AI) 2015 Hedge Fund Award for Innovation in Global Corporate Actions Processing for its XSP solution. Now in its third year, AI’s Hedge Fund Awards use a comprehensive selection process by combining the votes they receive with its own in-house research to arrive at a final winners list.
As hedge funds continue to invest more assets, achieving higher levels of operational due diligence is becoming a priority. Fee pressures, rising costs and the need to increase scale are driving hedge fund managers to outsource and invest in technology.
SunGard’s XSP provides an end-to-end solution suite that automates the corporate actions process, from the cleansing and standardizing of data, entitlement management and downstream customer notifications, to automated response capture and processing. With managed services, SunGard helps to reduce the burden of infrastructure operations and maintenance for customers so that they can focus on their core business.
Over the last year, SunGard launched XSPosure, a cloud-based risk dashboard that helps provide an intuitive, dynamic and visual representation of a firm’s corporate actions risk exposure; and Corporate Actions BPaaS offering firms a global, central repository of cleansed corporate actions data for consumption within corporate actions processing applications such as XSP. SunGard’s XSP has also maintained the SWIFT Certified Application Corporate Actions label for ten consecutive years.
“Acquisition International’s Hedge Fund Awards recognize all elements of hedge funds and reward individuals and firms who have demonstrated their contributions and innovations made in the industry. We congratulate SunGard for receiving this prestigious recognition as a leader and innovator in global corporate actions processing.” - Mark Toon, Editor, Acquisition International
“SunGard’s achievements in corporate actions processing continue to be recognized by industry professionals around the world. SunGard’s innovations in cloud-based risk management, data services and global messaging standards will help hedge funds control costs, protect margin and scale for growth while efficiently addressing the increasing complexity and volume of corporate actions events. As hedge funds seek continued growth, SunGard’s XSP will help them more effectively serve institutional investors while reducing operational overhead through solutions such as managed services.” - Brendan P. Farrell, Jr., executive vice president and general manager, XSP, SunGard
