Custodian continues hot streak of middle-office outsourcing deals and continues to accumulate assets under custody from UK fund managers.
The mandate will also enable Lifetri to continuously monitor its investments with an integrated view on all internally and externally managed portfolios.
The survey of 32 C-Suite executives from global financial institutions found that over one third are considering, or have shifted, to new services and strategies.
The ability to own the technology stack within a front-to-back service offering has made the tech vendor giant a key partner for hedge funds, according to SS&C Eze general manager Mike Hutner.
Recent studies have shown buy-side firms, particularly hedge funds, are expanding their outsourcing options to include middle-office and certain trading functions
The launch of the service comes as the roles of the COO and CFO are increasingly becoming blurred with other functions within an investment manager.
Greater regulatory scrutiny comes as the COVID-19 pandemic has highlighted a greater risk in the event a fund administrator cannot strike a NAV.
Asset managers and asset owners with over $100 billion in assets under management (AuM) said they plan to reduce their number of service providers.