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."