Harbert picks SunGard to power up its alternatives
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Harbert picks SunGard to power up its alternatives 14 December 2012London Reporter: Georgina Lavers
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Harbert Management Corporation (HMC) has selected SunGard’s Investran for automation of its alternative investment funds across real estate, venture, mezzanine capital, private equity, independent power, and Australian private equity.
HMC serves endowments and foundations, funds of funds, family offices, pension funds, financial institutions, insurance companies and high net worth individuals.
Lauren Iaslovits, chief operating officer of SunGard’s Investran business unit, said: “As a hybrid fund manager of both liquid and illiquid funds, HMC has complex reporting needs. The solution generates standard or user-defined reports with drill-down capabilities—essential to help HMC keep its internal and external stakeholders abreast of the activity within their portfolios.”
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