Connecticut
17 May 2017
Reporter: Drew Nicol

SS&C wins expanded Acadian mandate


SS&C Technologies has secured Boston-based Acadian Asset Management’s long/short portfolios as a client of GlobeOp.

SS&C will provide collateral management, reporting, accounting, trade capture and lifecycle processing services to Acadian. The new mandate builds on their existing relationship for fund administration services for Acadian’s long/short strategies.

This initial partnership has existed since Acadian launched its diversified alpha equity strategy in 2016.

Acadian cited SS&C GlobeOp's capabilities around margin finance management, cash and collateral management, and triparty reconciliation as “critical in its decision” to expand its relationship with SS&C.

"The appointment followed a detailed search and due diligence process across the major fund administrators in the market," said Tara Norton, senior vice president and director of hedge fund and alternative asset operations for Acadian.

"SS&C was able to clearly demonstrate their ability to service large, complex, long/short fund managers across a broad range of asset classes and they were unrivalled in terms of technology offering. Above all, we selected SS&C because of their commitment to client service and integrity."

Bill Stone, chairman and CEO at SS&C, said: "Partners such as Acadian are very important to SS&C. We look forward to continuing to support them as they work to deliver on their growth strategy.”

"Our services are designed to help asset managers such as Acadian achieve high levels of service and transparency. This relationship demonstrates the range of our platform and expertise, which can support the full lifecycle of virtually any strategy employed by alternative funds today."

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Smartkarma opens European hub in London
25 September | London | Reporter: Theo Andrew
According to Smartkarma, the move means European analysts can now register with the platform to join the data platform, offering a network approach to insights and publishing tools
First RFQ inflation swap transactions executed on Tradeweb platform
25 September 2017 | London | Reporter: Stephanie Palmer
Tradeweb has completed the first cleared inflation swap transactions using request-for-quote protocol, on its European Interest Rate Swap platform
SmartStream partners with Deutsche Börse Reporting Hub
25 September 2017 | Frankfurt | Reporter: Theo Andrew
Deutsche Börse Group has enlisted The SmartStream Reference Data Utility (RDU), for its new Regulatory Reporting Hub
US Volcker Rule not fit for purpose, says SIFMA
22 September 2017 | New York | Reporter: Drew Nicol
The US Volcker Rule is too broad, excessively complex, and uniquely prescriptive, according to the Securities Industry and Financial Markets Association
Pension fund mandate for BNP Paribas
21 September 2017 | London | Reporter: Jenna Lomax
The West Sussex Pension Fund is the fifth appointment BNP Paribas has secured under the Local Government Pension Schemes (LGPS) National Framework Agreement
IHS Markit names new COO for thinkFolio
21 September 2017 | London | Reporter: Jenna Lomax
Cunningham will lead thinkFolio’s product management, services, support and managed service offering
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO
More news