20 Fund Managers Are Now Using the SGGG Portfolio System
Toronto - June 21, 2010 - SGGG Portfolio Systems, a provider of order and portfolio management systems to the hedge fund industry, today announced that it has twenty clients for its Portfolio System. This is up from twelve at the start of the year and is indicative of the rapid adoption of this new product which was first released in October 2008.
The new software is in use at hedge funds with AUM ranging from less than ten million to hundreds of millions of dollars. There are over sixty individual users, managing over fifty funds, covering most fund strategies. Of these, 45% are startups and 55% are established funds. At many of the established funds the software has replaced other vendors’ software and provided much improved functionality at lower cost.
Dan Rissin, CEO of SGGG Portfolio Systems commented “We are very pleased that so many funds have chosen our system over systems that have been around much longer. I think it validates our model of providing a straightforward product with straightforward pricing. The software can significantly help portfolio managers make better decisions and improve operational efficiency, without adding complexity or new technology for them to deal with.”
About the SGGG Portfolio System
The SGGG Portfolio System delivers real time order, portfolio and operations management tools to hedge fund managers. It supports multiple portfolios, strategies, asset types, currencies and custodians in a single, integrated software solution. Through the use of new web based technologies the software achieves unparalleled performance, functionality and value for money.
About the SGGG Group
SGGG Portfolio Systems is part of a group of SGGG companies providing software and administration services to over 200 alternative investment funds globally. The business has been built by focusing on providing clients with an exceptional level of experience, professionalism and availability.