SS&C Technologies has acquired Hedgemetrix, the boutique full-service hedge fund administrator based in Irving, Texas. The acquisition adds ten staff and twenty customers, including hedge funds and family offices. Upon completion of the acquisition Hedgemetrix will operate as part of the SS&C GlobeOp business.
The latest acquisition strengthens SS&Cs global fund administration business, SS&C GlobeOp, establishes a presence for the company in Dallas and gives SS&C GlobeOp local expertise to offer fund services in the Southwest region.
This is an exciting growth story for us, said Jacqueline Freeman, co-founder, Hedgemetrix. We are thrilled to become part of SS&C GlobeOp and to be able to offer expanded services to our customers as well as expanded career opportunities for our staff.
Bill Stone, CEO, SS&C Technologies. “As the leader in independent fund services, we are well positioned with this new acquisition to enhance the services options we provide to our existing customers. SS&C GlobeOp increases our footprint in the south and is an important part of our growth in the United States.
Hedgemetrix was founded by Layton and Jacqueline Freeman to provide premium accounting and administration services to funds of all sizes.
(JDC)