Bringing you live news and features since 2006 

Maxim Group selects SunGard’s VPM


Maxim Group, a full service investment banking and brokerage firm providing services to hedge funds, investment advisors, family offices and high net worth individuals, has selected SunGard’s VPM.

Now live, the solution helps Maxim Group better service its clients by providing advanced portfolio accounting and reporting capabilities, which helps promote smarter operations within its investment management and operations functions.
Maxim Group’s integration of VPM and its clearing firms’ data provides a scalable solution with minimal reconciliation overhead. VPM physically stores all of Maxim Group’s investment activity to help enable the firm to have more accurate information, transparency into data and holdings, and foresight to proactively adapt trading strategies.
“As our investor requirements continue to call for increased transparency and reporting for hedge fund portfolio accounting, our need grew for a powerful, user-friendly product with a highly scalable infrastructure. We chose SunGard based on the strength of its name in the industry and recognition amongst top tier hedge funds. Additionally, VPM’s comprehensive product offering connecting the front to back office operations as well as its scalability and lower total cost of ownership made SunGard our first choice of providers,” says Seth Michaels, managing director, head of prime brokerage services, Maxim Group.
“This implementation is significant and is a testament to the prime brokerage industry’s need for transparency and automation. Streamlining Maxim Group’s back-office accounting and investor reporting with a scalable platform helps reduce operational risk and increase business efficiency,” says Scott Alintoff, chief operating officer, VPM, SunGard’s asset management business.
The implementation of SunGard’s VPM was completed in three months. Maxim Group has been a SunGard customer for 11 years and also currently uses SunGard’s Global Network and SunGard’s Valdi pre-trade compliance system.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by