Fund Administration

SS&C unveils electronic processing system for managers

SS&C Technologies has launched an electronic investor document processing and management system for hedge funds, funds of funds, private equity and managed accounts.

Posted on: 29 Jul, 2012

State Street AIS exec does not rule out further expansion

The head of State Street’s Alternative Investment Solutions (AIS) business has not ruled out any further acquisitions and said its takeover of Goldman Sachs’ administration unit will not impact client service.

Posted on: 23 Jul, 2012

State Street acquires Goldman's fund admin business

State Street has acquired Goldman Sachs Administration Services for $550 million, the firm said in a statement.

Posted on: 17 Jul, 2012

Last chance saloon for funds of funds, warns Fitch Ratings

Funds of funds have one last chance to reassert their business model as the industry experiences a wave of M&A activity, Fitch Ratings has warned.

Posted on: 04 Jul, 2012

Standalone fund admins will struggle to find depositary partners, warns BNP Paribas

Standalone fund administrators without banking licenses could struggle to find depositary partners as AIFMD edges ever closer, a senior executive at BNP Paribas Securities Services has warned.

Posted on: 19 Jun, 2012

M&A activity in fund admin space could lead to $1 trillion plus AUA provider

The rampant M&A activity proliferating the fund administration space could potentially lead to a very small minority of providers servicing northwards of $1 trillion in Assets under Administration (AuA), an expert has said.

Posted on: 12 Jun, 2012

GlobeOp CEO says SS&C deal will help bring diversification plus hints at own departure

Hans Hufschmid, CEO at GlobeOp, has said the SS&C deal will enable GlobeOp to diversify its client base away from hedge funds, and hinted he “would probably move on” in time.

Posted on: 11 Jun, 2012

Six Month Review: The Year so Far for Hedge Funds

Mayan literature prophesised 2012 would be the apocalypse and for most Greeks, Spaniards, Italians and Portuguese, it probably will.

Posted on: 28 May, 2012

GlobeOp shareholders okay SS&C bid

SS&C Technology’s takeover bid of fund administrator GlobeOp has been accepted by 76.8% of GlobeOp’s shareholders.

Posted on: 15 May, 2012

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