2022 continues to bring exciting change and new opportunities to Fund Administration in Europe. There are many reasons to change fund administrators—including greater use of complex asset classes, diversification into new investment vehicles, such as Private Markets, investor expectations, technology innovation, service quality, cost and the ability to support managers’ growth plans.
Investors may base their decision of whether to invest in a fund on whether it offers certain capabilities. A fund administrator using older technology may be unable to provide the transparency a manager and their investors need, or are simply not investing in areas such as Artificial Intelligence to continually improve their service offering
More often than not, a firm simply outgrows its administrator, and may need more outsourcing capabilities. In particular, Europe has seen significant growth in recent years, and many firms are finding themselves in need of administrators that can address more complex needs.
As the industry continues to experience growth, SS&C has been rolling out new products and services to support our clients. We recently launchedSS&C GoCentral, our new fund administration platform that amplifies our processing and technology efficiency. SS&C GoCentral lends traditional fund accounting and financial operations processes with AI, seamlessly integrating all NAV components to create the most efficient process in the industry. We have also expanded our ESG solutions to provide managers and investors with independent ESG reports and data to better understand, monitor and manage ESG risks and exposures.
We continue to invest in our talent, hiring some of the best professionals in the industry and continuing to deliver on training and developing our team so clients benefit from the deep, expert knowledge and experience of our financial professionals.
This dedication was recently recognized when theWith Intelligence HFM European Services Awards 2022named SS&C Technologies as the Best Administrator – Overall. The awards recognize hedge fund service providers who have demonstrated exceptional client service, product development and sustainable business growth.