For Immediate Release
Paloma Partners Engages SS&C for Fund Administration and Middle- and Back-Office Services
Integrated solution optimizes Paloma Partners’ operations
WINDSOR, CT, October 22, 2019 (PR NEWSWIRE) – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced that that Paloma Partners, a Connecticut-based hedge fund manager, engaged SS&C GlobeOp for fund accounting, administration and regulatory services, underpinned by SS&C Geneva® as the general ledger accounting platform.
Paloma Partners’ experience with Geneva and SS&C’s expertise supporting a diverse set of asset classes were deciding factors. Paloma Partners will leverage SS&C’s fund accounting, investor services, middle- and back-office, tax and regulatory services, performance reporting and analytics, and e-Investor to digitize the investor onboarding experience.
“SS&C enables us to consolidate our operational processes under one roof without having to rely on external third-parties or multiple hand-offs,” said Gregory Hayt, President, Paloma Partners. “SS&C’s leadership in administration across multiple asset classes and flexible smart technology makes them a superior partner.”
“We are excited to deliver Paloma Partners a robust, customized administration and regulatory reporting solution,” said Ken Fullerton, Managing Director, SS&C GlobeOp. “We strive to simplify our clients’ operations with purpose-built applications to automate investment workflows.”
About Paloma Partners
Paloma is a multi-strategy hedge fund that has a historical focus on quantitative and relative value strategies. Paloma manages approximately $4.8 billion in assets.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Chief Financial Officer
Tel: +1- 212-367-4705