Rydex Investments, a Rockville, Maryland-based asset management firm, has selected SunGard’s Asset Arena to help address its needs in fund accounting, reporting and data consolidation.
Delivered as an ASP solution, SunGard’s Asset Arena Investment Accounting system is expected to provide support for Rydex’s entire book of business as the firm seeks to consolidate operations with its sister asset management firm, Security Global Investors.
Doug Morgan, president of institutional asset management business at SunGard, said: SunGard’s Asset Arena helps our customers become more efficient across their operations. By selecting Asset Arena Investment Accounting, Rydex has helped demonstrate SunGard’s ability to provide solutions that address the unique business requirements of today’s asset managers.
Joseph Arruda, senior vice president of Rydex Investments, said: Rydex’s integration with Security Global Investors has presented an opportunity to streamline our operational infrastructure as we combine two distinct yet complementary fund complexes. We’re confident that SunGard’s technology, combined with its experience and knowledge, will help us to manage our combined business processes in an optimal and efficient manner.