WINDSOR, Conn. - (Business Wire) SS&C Technologies, Inc. (www.ssctech.com), a global provider of financial services software and software-enabled services, today announced Alternative Investment Group, an independent investment management firm with US$1.6 billion assets under management, has appointed SS&C Fund Services to handle the fund administration and accounting for its funds of hedge funds. SS&C will provide Alternative Investment Group with independent fund accounting and net asset value calculation as well as financial reporting services, leveraging their proprietary software suite.
“After an extensive search, we chose SS&C Fund Services because we believe that SS&C’s proven technology and expertise could best meet our need for a trusted independent partner,” said Marita Wein, partner, Alternative Investment Group. “In addition, we were already using SS&C’s FundRunner application for our investor relationship management activities and were impressed with synergies between our existing infrastructure and their services.”
“Independent third party accounting services continue to be in high demand from investors and reputable firms such as Alternative Investment Group,” said Bill Stone, chairman and chief executive officer, SS&C Technologies. “We are delighted that Alternative Investment Group has chosen SS&C to manage their platform and we look forward to working together.”
SS&C Fund Services is a leading independent provider of independent fund administration services for 1,500 funds with US$130 billion assets under administration and support multiple structures including Hedge Funds, Fund of Hedge Funds and Private Equity Funds, and Managed Account Platforms.
About Alternative Investment Group
Alternative Investment Group was co-founded in August 1996 by Stewart Greenfield and David Storrs to manage marketable alternative investments through a fund of hedge funds approach, with a focus on fundamentally-oriented, hedged investment strategies.
About SS&C Technologies
SS&C delivers investment and financial management services and software focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 4) treasury, banks and credit unions 5) municipal finance, 6) real estate property management, 7) commercial lending and 8) financial markets. Additional information is available at www.ssctech.com.
SS&C Technologies, Inc.
Patrick Pedonti, +1-860-298-4738
Chief Financial Officer
InvestorRelations@sscinc.com
