SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced SS&C Fund Services successfully converted three fund managers' middle and back-office processes to SS&C's fund administration platform.
SS&C's rapid conversion process brought Saemin Capital Management, LLC, Azimuth Asset Management, LLC and Artorious Management L.L.C, live within three months of signing with SS&C Fund Services. Saemin Capital Management, LLC, a recently signed hedge fund conversion for SS&C, required a fund administrator that could achieve several deliverables including web-based reporting for the fund and its investors, proven ability to scale, reliable staff with industry expertise, all provided by a well-known name in the administration industry. Saemin selected SS&C Fund Services as the firm that best served their requirements. Within ninety days, SS&C converted their official books and records since inception and went live in the fourth quarter of 2010.
"We are very pleased with the technology platform and operations team that SS&C has built," said Saemin Choi, President, Saemin Capital Management, LLC. "Their ability to get us live in such a short period of time has been equally impressive. We look forward to the future with SS&C."
"We continue to meet or exceed the target timelines for these and other conversions from competitors in our fund administration business," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "Now, more than ever, funds seek out established fund administrators with successful track records and reputations and SS&C is well positioned to benefit from this trend."
SS&C Fund Services is a full service independent fund administrator providing middle and back office services on its proprietary technology platform including net asset value computations, risk analytics, investor services and reporting and web services.