WINDSOR, Conn., Oct. 17, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that SS&C Fund Services has been named the winner of the "Best Administrator – Technology Provider" award presented at the 3rd annual HFMWeek U.S. Hedge Fund Services Awards luncheon on October 13, 2011 in New York City. The HFMWeek U.S. Hedge Fund Services Awards is an annual program that recognizes hedge fund service providers that which are producing tangible benefits for their customers and can demonstrate revenue growth, innovation and customer satisfaction.
A panel of independent judges in the alternative investment management industry assessed nominations to determine eligibility and best performers in each category. SS&C was nominated in five categories: "Best Administrator – Reporting Services," "Best Administrator – Fund of Hedge Fund Provider Over $30bn," "Best Administrator – Managed Account Service Provider," "Best Fund Administrator – Over $30bn Client Service" and "Best Administrator – Technology Provider," the category that it won.
"SS&C is committed to driving control, accuracy and transparency. These key objectives can only be met with powerful, flexible technology. The managers we serve use sophisticated strategies and fund structures to give themselves the best opportunity to deliver outstanding investment results. Investment Information is voluminous, rapidly changing and buffeted by volatile markets and changing regulation. Technology innovation is the only way to deliver mobility and web-based reporting investors demand," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Our customers rely on SS&C's wealth of experience, best practices and superior technology to help them manage their funds."
SS&C's success at the latest HFMWeek awards follows Global Custodian's recognition of "Top-Rated" status in six categories in its annual 2011 Hedge Fund Administration Survey: "Up to $100bn," "$100m-$1bn," "$1bn+, Single Strategy," "Multi-Strategy," "Fund of Funds" and "Multiple Provider." At June 30, 2011, SS&C's global fund administration business had $224 billion in assets under administration and approximately 500 staff to service the hedge fund, fund of funds, private equity and managed accounts industry. A full-service independent fund administrator, SS&C provides middle- and back-office services on its proprietary technology platform, among them net asset value computations, risk analytics, investor services and reporting and web services.
About SS&C Technologies
SS&C is a leader in the delivery of investment and financial management software and related services focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. More than five thousand financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets. Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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