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
BNP Paribas: ESG investment seeing increased interest
25 May 2017 | London | Reporter: Stephanie Palmer
The survey report noted that 77 percent of asset owners already incorporate ESG aspects into their strategies
Nasdaq to support Chilean CSD in post-trade tech
25 May 2017 | Santiago | Reporter: Stephanie Palmer
Based on the Nasdaq Financial Framework the solution will replace Depósito Central de Valores’s existing core system
Funds need to keep an eye on BEPS negotiations
24 May 2017 | London | Reporter: Becky Butcher
Fund participants were encouraged at Guernsey’s Fund Forum to pay close attention to negotiations over base erosion and profit sharing (BEPS) rules
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
R3 raises record funds for DLT development
24 May 2017 | London | Reporter: Stephanie Palmer
The R3 group has raised $107 million in two tranches of fundraising, securing the largest ever investment in distributed ledger technology to date
Promotions abound at Interstrust in Jersey
24 May 2017 | Jersey | Reporter: Stephanie Palmer
Intertrust in Jersey has made a spate of promotions, including elevating Sherin Sugeeswaran to the role of associate director in the fund services team
RSRCHXchange boosts research offering with data consumption partnership
23 May 2017 | London | Reporter: Stephanie Palmer
Institutional research marketplace RSRCHXchange has partnered with corporate access management solution provider CorpAxe in order to make research consumption data available to the buy side
More news