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Highlights
- SS&C awarded $1 billion multi-strategy fund administration contract by Arrowpoint Investment Partners.
- Arrowpoint focuses on Asian markets with 18 portfolio managers using diverse investment strategies.
- SS&C GlobeOp was chosen for expertise in handling complex multi-manager vehicles and asset classes.
SS&C Technologies Holdings (NASDAQ:SSNC), a global leader in financial technology solutions, has announced a significant milestone with its selection by Arrowpoint Investment Partners, a new multi-strategy hedge fund firm based in Singapore. The partnership marks a major achievement for SS&C, as it secures the administration contract for Arrowpoint’s flagship $1 billion multi-strategy fund. This contract is expected to expand SS&C's presence in the highly competitive Asian market while showcasing its capacity to manage complex multi-manager fund structures.
Arrowpoint Investment Partners, founded by Jonathan Xiong, the former co-CEO of Millennium's Asia operations, aims to leverage both fundamental and quantitative strategies. The firm focuses on equity, fixed income, and commodity investments, and its strategies are tailored to the unique characteristics of the Asian markets. The firm integrates technology into its investment processes to enhance performance and achieve high-quality, risk-adjusted returns for its investors. The fund is supported by a team of 18 experienced portfolio managers working out of Hong Kong and Singapore, making it a diverse and sophisticated multi-strategy fund.
The choice of SS&C GlobeOp, a leading service provider specializing in hedge fund administration, is a strategic decision that underscores Arrowpoint’s commitment to professional and efficient fund management. SS&C GlobeOp's robust platform and extensive experience in managing various asset classes, complex fee structures, and comprehensive reporting requirements were key factors in the decision. SS&C has a well-established reputation for providing integrated solutions across a wide range of asset classes, and its expertise in handling multi-manager vehicles further strengthens Arrowpoint’s operational framework.
The decision to partner with SS&C Technologies highlights the importance of technology in modern hedge fund management. With its ability to handle complex and diverse portfolios, SS&C's GlobeOp platform offers Arrowpoint an edge in streamlining administrative processes, enabling greater focus on investment performance and strategy execution. In addition to managing reporting and operational tasks, SS&C's platform will provide valuable insights into portfolio performance and risk management, aligning perfectly with Arrowpoint’s goal of delivering consistent returns with a risk-conscious approach.
This partnership is also a significant development for SS&C Technologies, further solidifying its position as a key player in the hedge fund administration market. The firm’s successful acquisition of Arrowpoint's business showcases its continued growth, particularly in the fast-evolving Asian market. As hedge funds increasingly focus on leveraging advanced technology and data-driven decision-making, SS&C is poised to meet the growing demands of global hedge fund managers, providing them with the tools they need to succeed in an increasingly complex investment landscape.
