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SunGard (Wayne, Pa.) released version 3.4 of its InvesTier platform. The solution automates investor accounting and reporting workflow to help managers of hedge funds and funds of hedge funds operate more efficiently while helping to reduce the costs and risks associated with manual processing, the vendor says. "InvesTier makes the administration of alternative investment funds a streamlined, systematic and automated process - both internally and for investors," said Doug Morgan, president of SunGard's investment systems business, in a statement.