Quantitative asset manager Cambria Investment Management has selected SS&C ALPS to provide a full range of back-office services for its exchange traded funds (ETFs).
As part of the mandate, SS&C ALPS will provide fund administration, accounting and distribution services for the Cambria ETFs suite with assets under management of over $700 million.
According to the tech giant, Cambria chose SS&C ALPS for its expertise to support its 11 ETFs, as well as providing N-PORT and N-CEN reporting services.
“As we continue to expand, we wanted to partner with a technology provider that could adapt quickly in the fast-changing ETF landscape. SS&C ALPS has proven and flexible technology and expertise to support us,” said Meb Faber, CEO and chief investment officer, Cambria Investment Management.
Last week, SS&C Technologies announced it had extended its ALPS fund services platform with a new offering for non- and semi-transparent actively managed ETFs, enabling asset managers to convert their funds and access third-party distribution platform for the new fund structure.
Unlike most traditionally structured ETFs, which disclose their portfolio holdings daily to the market, the actively managed ETF does not require this, and enables fund managers to avoid their portfolios being subject to front-running.
“The ETF landscape is evolving rapidly, and we look forward to leveraging our deep knowledge of the ETF space to help our clients thrive,” said Brad Swenson, head of registered fund services, SS&C ALPS.
As investments continue to pour into ETFs, Global Custodian has launched a new ETF administration survey to benchmark rate the top fund services and custodian providers in the market. The new global survey will rate providers based on client feedback, in a number of key service areas from fund accounting, middle-office and transfer agency to ETF basket services, total cost of ownership, and ETF asset servicing models.
For more information on the ETF administration survey please contact Beenish Hussain – email@example.com.