HFMWeek European Performance Awards Recognizes SS&C Fund Services
SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that SS&C Fund Services has been recognized as "Best Administrator — Fund of Hedge Fund Provider Over $30bn". The award which was presented at the 5th annual HFMWeek European Performance Awards luncheon on March 28, 2012 in London, UK, is an annual program recognizing hedge fund service providers which are producing tangible benefits for their customers and can demonstrate revenue growth, innovation and customer satisfaction.
A panel of senior level industry representatives assessed nominations to determine eligibility and best performers in each category. SS&C was nominated in six categories: "Best Administrator — Client Service Provider Over $30bn", "Most Innovative Fund Administrator — Over $30bn", "Best Administrator — Small and Start-Up Firms", "Best Administrator — Managed Account Services", "Best Administrator — Technology Provider" and "Best Administrator — Fund of Hedge Fund Provider Over $30bn", the category that it won.
Accepting the award was Dave Reid, Senior Vice President and Managing Director, International. "I am delighted that SS&C has received the "Best Administrator — Over $30bn Fund of Hedge Funds Award" from HFMWeek. The award recognizes SS&C's wealth of experience, best practices and technology, as well as our deep understanding of the EMEA's business environment."
"Earning this award confirms the continued strength of our scalable cloud capabilities, operational expertise and leading edge proprietary platforms," said Punit Satsangi, Managing Director of EMEA Business Development. "This award complements our "Best Administration — Technology Provider" win at last year's HFMWeek U.S. ceremony. SS&C continues to innovate leading-edge web portal technology, iPad applications and mobile platforms to differentiate SS&C in a rapidly changing market place. Collectively this recognition reflects our commitment to partner with fund managers while delivering mission-critical tools and transparency."
At December 31, 2011, SS&C's global fund administration business had US $228 billion in assets under administration and over 600 staff to service the global hedge fund, fund of funds, private equity and managed accounts industry. A full-service independent fund administrator, SS&C provides middle- and back-office services on its proprietary technology platform, among them net asset value computations, risk analytics, investor services and reporting and web services.