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
Eagle Fund Accounting Solution to be used by Desjardins
24 July 2017 | | Reporter: Jenna Lomax
Desjardins Asset Management, part of Desjardins Group, previously signed with Eagle Accounting for its asset management in 2011
Clearstream gains Edmond de Rothschild as Vestima client
24 July 2017 | Switzerland | Reporter: Jenna Lomax
Vestima, Clearstream’s fund process programme, will assist Rothschild by processing its assets in its mutual funds and hedge funds on a single platform
Northern Trust to offer fund services to GuideStone Funds
24 July 2017 | Dallas | Reporter: Jenna Lomax
GuideStone Funds is a subsidiary of GuideStone Financial Resources, a financial service providing retirement, investment and life and health plans to evangelical Christian churches, educational institutions and ministry organisations
BNY Mellon recruits for alternative investment team
21 July 2017 | New York | Reporter: Jenna Lomax
BNY Mellon has made two senior appointments to its alternative investment services team
Euroclear sees strong H1 asset growth
21 July 2017 | Frankfurt | Reporter: Jenna Lomax
Post-trade service provider Euroclear saw its asset under safekeeping increase by 5 percent to €28.4 trillion in the first half of 2017
Record AuC figures for BNY Mellon
21 July 2017 | New York | Reporter: Stephanie Palmer
BNY Mellon recorded high levels of assets under custody and administration in Q2 2017, reaching $31.1 trillion
LSEG and IBM partner for SME blockchain
20 July 2017 | London | Reporter: Drew Nicol
The framework will be built on Hyperledger Fabric version 1.0 and hosted by The Linux Foundation
More news