Ultimus Fund Solutions and Xceptor, maker of data automation platforms for financial markets, have expanded their six-year partnership to help Ultimus’ clients streamline operations and reduce risk, officials say. Ultimus offers fund administration, accounting, and investor solutions. The expanded partnership encompasses “global verticals and business lines” that use the data automation and reconciliation of Ultimus’… Read More >>
SS&C Acquires Calastone to Revamp Global Funds Ops
SS&C Technologies, a post-trade securities operations services and systems provider, is acquiring Calastone, a global funds network and financial technology solutions provider, from the Carlyle Group for $1.03 billion (£766 million) in an effort to build “a more connected, automated, and intelligent global fund ecosystem,” say SS&C officials. Calastone’s network and technology solutions are expected… Read More >>
Jupiter Asset Management Uses the Cloud for NAV Oversight
U.K. fund management firm, Jupiter Asset Management, went live this past October with a cloud-based platform from the Milestone Group that automates the collection of fund valuation data and the independent verification of daily net asset value (NAV) prices, officials say. The move to the Milestone system, pControl Oversight, was driven by a spike in… Read More >>
