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.
The web-based system - e-Investor - intends to push managers away from the traditional, paper-based investor transaction processes.
The electronic system will also help speed up processing of subscriptions and redemptions. SS&C also said the product will bring about greater transparency into investor activity and reduce the risk of errors or omissions in transaction processing.
SS&C acquired its rival GlobeOp in a $920 million deal earlier in the year and now services northwards of $300 billion in Assets under Administration (AuA).