SGGG Portfolio Systems Announces 50th Client
Toronto - November 14, 2011 - SGGG Portfolio Systems, a leading provider of order and portfolio management software to the fund management industry, today announced that it has signed the 50th client for its Portfolio System. Hundreds of people now use the system on a daily basis, and it is the primary tool used to manage hundreds of funds.
The software is used by hedge funds and traditional asset managers with assets under management ranging from a few million to billions of dollars. At many of the established funds the software has replaced other vendors’ software and provided much improved functionality at a significantly lower cost.
The appliance is proving very popular and SGGG has over 20 clients using it. Sophisticated features such as FIX messaging (a protocol for sending and receiving trade orders electronically) and automated position reconciliation usually require considerable network and software configuration. The appliance is designed to provide this functionality for any fund, even those without on-site IT personnel.
Dan Rissin, CEO of SGGG Portfolio Systems said “We are very proud that the software has been so widely accepted. We built in tremendous flexibility from the start. We now have users on four continents, with very different mandates and very different securities, all using the same software.”
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.