Hudson Bay Capital Management has tapped SS&C GlobeOp to be its fund administrator, which is in addition to the multi-strategy investment firm’s usage of trade operations and investor support solutions from SS&C Technologies, officials say. Hudson Bay, which is headquartered in Greenwich, Conn., picked SS&C “after a thorough evaluation process,” according to the official announcement…. Read More >>
How to Cope With UMR Compliance: Q&A
(Editor’s Note: Much has been made about buy-side firms and if and when they will have to comply with Uncleared Margin Rules (UMR) and key requirements of the European Union and the U.S. The industry has started to focus on the operational processes they will need in order to comply with the Basel Committee on… Read More >>
SS&C Solution Targets SEC’s Modernization Rules
New Solution Part of SS&C’s GlobeOp Offerings SS&C Technologies, a software systems and software-enabled services vendor, has just launched the SEC Modernization Reporting solution, part of the SS&C GlobeOp offerings, that targets the SEC’s efforts to push modernization for liquidity and regulatory reporting, officials say. The SEC’s modernization efforts will impact firms identified as registered… Read More >>
Acadian Signs On for SS&C GlobeOp
Citing the need for a growth strategy, Acadian Asset Management moved its long/short portfolios to fund administrator SS&C GlobeOp last year and has been using the platform’s systems for margin finance management, cash and collateral management, and tri-party reconciliation, according to officials at the firm and at SS&C Technologies. “The appointment followed a detailed search… Read More >>
SS&C and Advent Team Up for Geneva Upgrade
SS&C and Advent Teams Focus on Combined Clients Technology teams from financial services software and systems vendor SS&C Technologies and its recent acquisition Advent have been working closely and quickly to deliver Geneva, version 15.2, the latest release of the fund administration platform for their joint fund administration clients. Originally an Advent product, Geneva offers… Read More >>
New SS&C GlobeOp Unit Tackles Hybrid Funds
SS&C Technologies, a provider of front, middle, and back-office solutions to the buy side, is rolling out the red carpet for hybrid funds, creating the new Hybrid Fund Services Group within SS&C GlobeOp, its fund administration arm, officials say. Rahul Kanwar, a senior vice president and managing director of Alternative Assets at SS&C GlobeOp, defines… Read More >>
SS&C GlobeOp Helps Funds Meet AIFMD Deadline
January 2015 marked not only the beginning of a new year, but the beginning of a new regulatory reporting regimen for fund managers — at least for those active in Europe. The January 31 deadline for filing of the Alternative Investment Fund Manager’s Directive (AIFMD) Annex IV reporting requirement was most fund managers’ first brush… Read More >>
Wexford Extends GlobeOp Contract
Alternative asset manager Wexford Capital is extending its fund administration relationship with service vendor SS&C GlobeOp, which oversees the firm’s $4 billion of private equity and hedge fund assets, officials say. Wexford Capital, headquartered in Greenwich, Conn., will use SS&C GlobeOp for middle- and back-office, regulatory reporting and investor solutions, officials say. SS&C GlobeOp previously… Read More >>
eClerx Takes on CSA Data as Advise Targets European Filing Directive
eClerx Launches ISDA CSA Solution Business processing vendor eClerx has launched the ISDA Credit Support Annex (CSA) Document Risk Review solution to help financial institutions mine information from CSAs for over-the-counter derivatives clearing, company officials say. The offering aims to offer more support for credit and legal risk, optimization of cash and collateral, and operational… Read More >>
Sabby Management Retains SS&C as Mizuho Units Tap Wolters Kluwer for Basel III Support
Sabby Management Sticks With SS&C GlobeOp About two years ago, Sabby Management found itself in a tight spot. The hedge fund had a month to find a fund administrator for two new funds, says Robert Grundstein, chief operating officer and general counsel for the firm. Sabby was launching two healthcare sector fund complexes for September… Read More >>
