SS&C wins front-to-back mandate from $5.3 billion investment manager
RiverNorth Capital Management extends agreement with SS&C for front-to-back services.
Tag: Hedge fund
Hedge fund Hurricane Capital Advisors adopts SS&C’s front-to-back-office solution
New York-based Hurricane Capital Advisors expects to carry 10 portfolio managers onto the SS&C platform by July.
Fund Administration
Fireside Friday with…. Citco’s Jay Peller
The experience of 2020 has triggered a major shift in the service provision relationship between alternatives asset managers and their service providers, according to Jay Peller, head of fund services at Citco.
BNY Mellon named as fund administrator for SkyBridge’s expected Bitcoin ETF launch
Upon final regulatory approval of the ETF, BNY Mellon will provide ETF basket operations, order taking, fund accounting, fund administration and transfer agency services.
Credit Suisse and Nomura face multi-billion prime brokerage losses from Archegos sell-off
The incident further highlights the dangers of over-leveraging hedge funds and could force some prime brokers to recognise the excessive risk that can occur.
Sands Capital Management awards Northern Trust mandate for $6bn Irish UCITS Fund
Asset servicing mandate extends custodian’s relationship with US hedge fund, this time for Ireland-domiciled UCITS umbrella fund.
Pershing Square appoints Northern Trust for multi-jurisdictional fund admin
The mandate will cover Pershing Square’s funds domiciled in Delaware, Guernsey, and the Cayman Islands.
Hedge fund administrators improve service level despite COVID pandemic
The positive scores come as many hedge fund clients relied on their administrators to weather market turbulence and provide support for their own business continuity plans.
Banks revisit prime brokerage growth strategies as hedge funds bounce back
An asset class rotation among hedge funds could encourage prime brokers to invest significantly in specialising in servicing credit and multi-asset strategies.
BBH to support Alger’s launch of first actively managed ETF
AuM in global active ETFs have increased significantly over the past few years, growing from under $60 billion in 2016 to over $180 billion as of June 2020.