SunGard (http://www.sungard.com) today announced that Cadiz African Harvest Asset Management (CAHAM), a wholly owned subsidiary of Cadiz Holdings (Cadiz), has renewed its contract for SunGard's Asset Arena Portfolio Management, Trading and Compliance solution (http://www.sungard.com/assetarena).
CAHAM was formed following the recent acquisition of African Harvest Fund Managers by Cadiz. The combined business boasts a broad spectrum of innovative investments, with R50 billion in funds under management.
SunGard's Asset Arena will continue to provide integrated portfolio management and enhanced compliance capabilities across CAHAM's combined and diversified asset management business.
CAHAM will continue to use Asset Arena on an outsourced basis, with application hosting and maintenance managed by SunGard. "While providing the benefits associated with outsourcing non-core business functions, SunGard's Asset Arena has proven to be a robust, flexible and scalable solution that helps support the growth of our combined business. This, combined with strong local services and support, has been key to the continuing success of our SunGard relationship," commented Phil Sturgess, chief operating officer at CAHAM.
"Having worked with Cadiz since 2002, we are pleased to further our relationship with CAHAM. By providing enhanced functional capabilities based on a new technology and services framework, Asset Arena will enable CAHAM to consolidate and streamline its expanded front-office operations, and therefore help improve operational efficiency," commented Ettie Takacs, managing director at SunGard South Africa. "SunGard will continue to help CAHAM leverage Asset Arena to meet ever-evolving industry challenges such as complex instrument coverage, electronic market connectivity and maintain best execution across the investment management life cycle."
Share
Cadiz African Harvest Asset Management (CAHAM) is one of the largest asset managers in South Africa with assets under management exceeding R50 billion. The company was created following the Cadiz acquisition of African Harvest Fund Managers and the merger of its fund management activities with those of Cadiz Specialised Asset Management. CAHAM is a wholly owned, independent subsidiary of Cadiz, a listed diversified financial services group with a market capitalisation of R1.3 billion. The group's financial strength and enviable reputation for innovation provide CAHAM with an excellent platform for growth.
Asset Arena
Asset Arena is SunGard's global suite of solutions for front-to-back-office investment support, serving asset managers, third-party administrators, insurers and pension fund managers. Available as an integrated solution set or as individual offerings, Asset Arena covers the entire investment management life cycle, including trading, compliance, investment accounting, portfolio management and performance measurement and attribution.
SunGard
With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25 000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com. Trademark Information: SunGard, the SunGard logo and Asset Arena are trademarks or registered trademarks of SunGard Data Systems or its subsidiaries in the US and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
Editorial contacts