SunGard today announced that OppenheimerFunds, Inc (OFI) has licensed SunGard's XAMIN to support its institutional business.
Under the agreement, OFI will use XAMIN in an ASP environment for performance measurement and attribution. OFI is already a customer of InvestOne Enterprise, SunGard's global investment accounting and reporting solution, installed in-house. Together, this enterprise-wide solution will provide comprehensive support to OFI's global fixed income, equity and derivatives books of business.
"XAMIN provided the centralised processing and scalability we needed to support our multiple operating sites," said Navin Sharma, vice-president and director of risk management and analytics at OFI. "We intend to use the system's performance measurement and attribution models to assist in the analysis of our funds."
"This expanded relationship demonstrates how our customers are leveraging the strength of SunGard's enterprise-wide suite of solutions to their benefit," said Doug Morgan, president of investment systems, SunGard.
Share
OppenheimerFunds, Inc is one of the nation's largest and most respected investment management companies. As of 30 June 2005, OppenheimerFunds, Inc, including subsidiaries and controlled affiliates, managed assets of more than $180 billion, including assets in more than 60 mutual funds and more than 7 million shareholder accounts.
OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
XAMIN
A performance measurement and attribution system with Web-based reporting, XAMIN is used by asset managers, custodian banks and insurance companies to analyse investment performance data, calculate rates of return and risk statistics, create attribution models and benchmarks, and to help ensure composites capabilities and reporting support the CFA Institute's globally recognised GIPS Performance Presentation Standards.
XAMIN integrates with SunGard solutions such as InvestOne Enterprise and Global Plus, as well as with other investment management and accounting systems.
SunGard
With annual revenue of $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.
Editorial contacts