Sabby Extremely Satisfied, Would Refer Others to SS&C GlobeOp
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Sabby Capital has successfully been live for 18 months with SS&C GlobeOp as its administrator for the two fund complexes that it manages.
New Jersey-based Sabby Management, LLC, an investment manager run by Hal Mintz, launched two fund complexes in September and November of 2011. The funds currently manage in excess of $200 million and focus on the healthcare sector. The two funds are being administered out of SS&C GlobeOp's Evansville, Indiana office which also opened in 2011. The Evansville office provides a full range of fund accounting services to hedge funds, fund of funds, managed accounts and private equity funds including NAV preparation, cash and security reconciliations, and investor services.
"We have been a client of SS&C (now SS&C GlobeOp) since our inception 18 months ago and have been extremely satisfied with the service we have received. We would unequivocally recommend SS&C GlobeOp," said Robert Grundstein, COO and General Counsel, Sabby Management, LLC.
"Sabby was looking for a reputable and knowledgeable service provider to serve it effectively," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We are pleased Sabby selected SS&C GlobeOp as its fund administrator and we look forward to providing quality solutions designed to fit its organization."