WINDSOR, Conn., June 3, 2014 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that it is now supporting 150 customers through the SS&C GlobeOp Regulatory Solutions Group.
SS&C GlobeOp's Regulatory Solutions Group assists funds of all types with Form PF, FATCA, AIFMD and other compliance and reporting rules. Recent wins in the first quarter of 2014 take the total number of customers to more than 150 customers and 2,000 funds.
"We've relied on SS&C GlobeOp for fund administration services for many years, and using their regulatory services has enhanced our ability to better serve our customers while ensuring compliance with the numerous regulatory changes. This is a critical measure of our success," said Robert Swan, Chief Operating Officer, Lighthouse Partners. Lighthouse Partners is a global investment manager dedicated to providing innovative solutions to hedge fund investors. Lighthouse currently manages assets of approximately $8 billion.
Neil Berman, Chief Financial Officer from Claren Road Asset Management, LLC, a long/short credit manager, said: "SS&C GlobeOp has had a major impact in facilitating the regulatory reporting we need to provide. SS&C GlobeOp combines industry experience and cloud-based technology to help us effectively respond to inquiries and navigate compliance."
The adoption of SS&C GlobeOp's regulatory solutions by hedge funds, fund of funds, private equity and managed accounts is being driven by several specific, escalating challenges that these firms now face. These include growing competition for investors, tighter operating budgets and the need for specialized talent and technology to handle new regulatory reporting requirements.
"A range of large and mid-sized funds across all strategies are choosing SS&C GlobeOp's regulatory solutions to help comply with a wide range of industry regulations," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "In this environment, funds must remain informed and proactive, while maintaining robust compliance and regulatory control. We take a partnership approach with our customers and welcome the input they provide as we continuously deliver class-leading regulatory technology and services."
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 6,900 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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