SunGard Expands ASP Strategy for Hedge Funds and Fund-of-Funds Introduces End-to-End Accounting Solution for European Managers

GENEVA, November 19, 2003 - SunGard Investment Management Systems, an operating group of SunGard (NYSE: SDS), today announced a new integrated solution for the European alternative investment industry. Delivered on an ASP basis, the solution suite integrates InvesTier and INVEST ONE. InvesTier is a flexible investor accounting, general ledger, allocation and reporting solution for onshore and offshore hedge funds, funds-of-funds, and other managed investments. INVEST ONE is a global, real-time, straight-through processing investment accounting solution that processes over $8 trillion in assets including pension funds, mutual funds and hedge funds. Both InvesTier and INVEST ONE are available stand-alone or as one integrated solution, branded as HedgePower. HedgePower also incorporates functionality from other SunGard solutions - including Reech RiskHedge for risk management and Reech FastVal for independent portfolio valuations - to form an end-to-end solution that helps customers manage operational risk and react to changing conditions and regulatory demands. These solutions will be demonstrated at the GAIM Fund of Funds Forum in Geneva, Switzerland on November 18-20.

"InvesTier is a proven, robust system that was introduced in the U.S. two years ago and benefits from our 20 years' experience of the alternative investment industry," said Carol Kaufman, president of SunGard's InvesTier operating unit. "It has been embraced by some of the largest managers and third party administrators in the U.S., and I am confident that European managers will recognize that InvesTier is an essential hedge fund and fund-of-funds investor accounting and reporting package."

"I'm pleased to introduce InvesTier and HedgePower to the European alternative investment industry," said Jack McArdle, group chief executive officer of SunGard Investment Management Systems. "These solutions help alternative investment firms manage the risk and regulatory challenges unique to their industry - which is why we've signed more than 30 new InvesTier customers in North America over the last two years. Our solutions equally meet the needs of European managers. In addition, HedgePower incorporates INVEST ONE today, and will next expand to include both GP3 and our recently acquired V3 investment accounting solution. Because HedgePower is offered on an ASP basis, our customers get the best of both worlds: end-to-end capabilities in one powerful system, and a cost-effective, feature-rich solution hosted on SunGard's resilient, Web-hosted infrastructure."

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